GIC in the News for September, 2025

Bombay high court flays insurance company for trying to ‘wriggle out of obligation’, orders payment of Rs 27 lakh to widow
Thursday 11 September, 2025
The Bombay high court has directed Tata AIG General Insurance to pay Rs 27 lakh with interest as awarded by the insurance ombudsman to a widow within four weeks. The insurance had come with a housing loan taken by the woman's husband. "The very objective of availing the insurance policy was to secure repayment of loan in the event of death or incapacitation of the borrower. However, this noble objective is completely frustrated on account of the actions of the petitioner-insurance company

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