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NEW DELHI: The Delhi consumer court has set aside an order directing reimbursement of a mediclaim amount, holding that an insurer was justified in repudiating the claim after an investigation revealed multiple flaws and discrepancies in the hospital records.A bench comprising Justice Sangita Dhingra Sehgal (President) and Bimla Kumari (Member) allowed the appeal filed by…
MUMBAI: Bajaj Group on Thursday completed the acquisition of a 23% stake in its insurance joint ventures from Allianz SE for Rs 21,390 crore, marking the largest transaction in India’s insurance sector and bringing the group closer to full ownership of Bajaj General Insurance and Bajaj Life Insurance.The stake purchase involved Bajaj Finserv, Bajaj Holdings…
Bajaj Finserv has rebranded its insurance businesses as Bajaj General Insurance and Bajaj Life Insurance, launching the campaign “100% Bajaj. Made in India. Made for India. Made by India” to signal its commitment to policyholders, business partners, and expanding insurance penetration. The group has received regulatory approvals from the ROC, CCI, and IRDAI to acquire…
