Latest news with #UnitedIndiaInsuranceCompany
News18
03-07-2025
- News18
Insurance Companies Not Obliged To Pay For Deaths Caused By Rash Driving, Rules SC
Last Updated: The apex court rejected a plea filed by the kin of a victim who died due to rash and negligent driving. Insurance companies are not obligated to pay compensation to victims who die due to rash driving, said the Supreme Court on Wednesday. A bench of Justices PS Narasimha and R Mahadevan denied compensation to the wife, son, and parents of a man who died in a car accident. The man was reportedly driving the car at high speed and in a rash manner, making it an act of negligence, reported the Times of India. The court dismissed a plea by the kin of the victim, seeking Rs 80 lakh compensation from the insurance company, United India Insurance Company, and said that the family cannot demand compensation as the death was caused by the man's own negligence and did not involve any extraneous factors. The top court upheld the Karnataka High Court's decision on November 23 last year, dismissing the compensation claim. What's The Case? The case dates back to June 18, 2018, when N.S. Ravisha was on his way from Mallasandra village to Arasikere town. He was travelling with his father, sister, and children when the accident took place. Notably, Ravisha was not only driving at high speed, but he also broke traffic rules before his car toppled over and rolled on the road near Mylanahalli Gate, Arasikere. The man died in the accident, said the report. After his demise, his wife and son claimed compensation of Rs 80 lakh, citing that the deceased was a busy contractor who earned Rs 3 lakh per month. However, the chargesheet filed by the police cites Ravisha's rash and negligent driving as the reason behind his death, and the claim was rejected by the Motor Accident Tribunal. First Published: July 03, 2025, 08:58 IST
Time of India
02-07-2025
- Time of India
Insurance co not bound to pay for death of person driving rashly, rules SC
NEW DELHI: Supreme Court on Wednesday said insurance companies are not bound to pay compensation to the kin of drivers who die due to their own mistake during daredevil stunts or on account of rash and negligent driving, in an extreme message to speed addicts and those who seek to hog eyeballs by performing stunts, reports Dhananjay Mahapatra. Tired of too many ads? go ad free now Justices P S Narasimha and R Mahadevan refused to give relief to the wife, son and parents of a man who died while driving a car at high speed in a rash and negligent act which ended with the vehicle toppling over. Complainant drove rashly, broke rules before car toppled Dismissing the claim petition of his kin, who demanded Rs 80 lakh as compensation from United India Insurance Company, the bench said that family members cannot demand an insurance payout when death is caused due to a mistake on part of the deceased without involvement of any extraneous factors. The SC upheld the decision of Karnataka HC on Nov 23 last year rejecting their claim for compensation. On June 18, 2014, one N S Ravisha was driving a Fiat Linea from Mallasandra village to Arasikere town, with his father, sister and her children as co-passengers. He drove rashly and at a high speed and broke traffic rules before losing control of the vehicle near Mylanahalli gate, Arasikere. The car toppled over and rolled on the road. Ravisha succumbed to injuries sustained in the accident. His wife, son and parents claimed compensation of Rs 80 lakh on the grounds that he was a busy contractor earning Rs 3 lakh per month. The police filed a chargesheet claiming that the accident occurred because of Ravisha's rash and negligent driving. The Motor Accident Tribunal rejected the family's claim. Hearing an appeal, Karnataka HC rejected the claim of Ravisha's kin that the accident was caused due to a tyre burst and said, "when a claim is made by legal representatives of the deceased, it has to be proved that the deceased was not himself responsible for the accident by his rash and negligent driving and it would also be necessary to prove that the deceased would be covered under the policy so as to make the insurance company liable to make payment to the legal heirs. " The court added, "In the instant case, admittedly the accident occurred due to the rash and negligent driving of the deceased himself and he being a self-tortfeasor, the legal heirs cannot claim any compensation for his death".
The Hindu
30-05-2025
- Business
- The Hindu
United India Insurance back in black, posts ₹154 crore net in FY25
United India Insurance Company returned to profitability reporting ₹154 crore net profit for 2024-25. Compared to the ₹804 crore loss in previous fiscal, it is an impressive turnaround. It has made profit after several years, the State-owned general insurer said. Gross direct premium income stood at ₹20,072 crore, combined ratio improved 4% to 121.67% and customer base raced past 2 crore mark, the country's 4th largest general insurer said. 'Our relentless focus on technological innovation, customer satisfaction and risk management enabled us to adapt to evolving industry dynamics and emerge stronger,' CMD Bhupesh Sushil Rahul said. Through prudent underwriting and strategic loss control measures, it has reclaimed its position as a profitable force in the industry, UIICL said. In alignment with IRDAI's vision of 'Insurance for All by 2047' it has unveiled a range of cutting-edge insurance solutions designed to meet changing needs of customers while enhancing market competitiveness. The list includes comprehensive personal accident policy Sampurna Suraksha Bima; parametric insurance product Param Mitra Suraksha Policy; usage-based motor insurance cover tailored for customers with limited vehicle usage; United Cyber Kavach Policy; and home protection plan securing both property and belongings United Value Griha Raksha Policy. By prioritizing customer-centric strategies, seamless claims processing and enhanced service standards, the company continues to reinforce its commitment to delivering financial security, strengthening customer trust and redefining industry leadership in the ever-evolving insurance landscape. UIICL has presence across India and offers a portfolio of insurance solutions, including health, motor, property, and marine coverage.
New Indian Express
04-05-2025
- Business
- New Indian Express
Nrusinghnath Temple secures Rs 5.4 crore insurance cover for Baisakha Mela
BARGARH: To ensure safety of devotees attending the six-day long Baisakha Mela, the Sri Sri Nrusinghnath Temple Trust has secured an insurance coverage of Rs 5.40 crore for the festival. This means each participating devotee is covered for accidents and calamities during the event, marking it a first for the temple to have opted for such a social security measure. The Baisakha Mela, hosted at the Nrusinghnath Temple near Paikmal, is celebrated to mark the birth anniversary of Lord Nrusingha. It will take place from May 7 to May 12 this year. On March 28, the temple trust resolved to get an insurance cover for Baisakha Mela and approached United India Insurance Company for a quote. After several rounds of negotiations, the insurance company offered a coverage of Rs 5.40 crore against a premium of Rs 1,57,648 for the six-day festival. The premium was paid on April 29, and the insurance cover was successfully secured, said sources. Hiramani Bhoi, a local resident and lawyer who negotiated on behalf of the temple trust, said, 'Every person who steps into the temple during the Baisakha Mela will be covered under insurance during the six days. The coverage will be for Rs 7,50,000 per head in the case of accidental death on the temple premises, regardless of their age, gender, or any other criteria.'
