Care Health Insurance (Religare) Unlisted Shares

Care Health Insurance (Religare) Unlisted Shares

Care Health Insurance — Consumer Forum Orders Insurance Company to Release ₹10 Lakh Accident Claim

The Times of India

2 min read

Expert Analysis:

  • The District Consumer Disputes Redressal Commission in Noida directed Religare Health Insurance (now Care Health Insurance) to release an accidental death claim of ₹10 lakh to the family of a policyholder who died due to electrocution in 2018. The commission ruled that the insurer was guilty of deficiency in service after rejecting the claim on grounds of incomplete documentation.

  • The insurer had insisted on documents such as an FIR, post-mortem report, and police investigation, even though the electrocution occurred at home and did not involve circumstances requiring police intervention. The commission held that demanding such documents in this context was unreasonable.

  • In its order dated March 5, 2026, the commission directed the insurer to pay the ₹10 lakh claim along with 6% annual interest from the date of the claim application (2019) and an additional ₹5,000 as compensation to the complainant.

Takeaways

Key Takeaway:
The ruling reinforces consumer protection in insurance disputes, highlighting that insurers cannot deny legitimate accident claims based on excessive documentation requirements, particularly when the circumstances of death do not warrant police procedures.

Invest in the Future
Act now and capitalize on the potential growth of this unlisted share

Precize Daily Pulse

The latest news in the world of Unlisted Shares, summarised by our experts.

The next generation of asset classes in India

Resources

Our Office

Office No. 1219, The Summit Business Park, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra - 400093

Find us on Google

support@precize.in

+91 7738336457

All trademarks and logos or registered trademarks and logos found on this Site or mentioned herein belong to their respective owners and are solely used for informational and educational purposes.

The material presented in this advertisement is for informational purposes only and should not be construed as investment advice or investment availability. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular unlisted share, security, strategy, or investment product. Investing in the private market and securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Market trends, data interpretations, graph projections are provided for informational and illustrative purposes and may not reflect actual future performance. Nothing on this website should be construed as personalized investment advice or should not be treated as legal, financial, or any other form of advice. Precize is not liable for financial or any other form of loss incurred by the user or any affiliated party based on information provided herein.

Precize is neither a stock exchange nor does it intend to get recognized as a stock exchange under the Securities Contracts Regulation Act, 1956. Precize is not authorized by the capital markets regulator to solicit investments. The securities traded on these platforms are not traded on any regulated exchange.

The website will be updated regularly.

Copyright © 2026 - Precize - All Rights Reserved