Multiple policies no bar to renew health cover: HC

Mumbai: Describing health insurance as one of the most fundamental needs of a person, the Bombay high court has held that insurers cannot refuse to renew mediclaim policies on arbitrary grounds like a person being covered by multiple policies, reports Swati Deshpande. It gave the ruling in a case where United Indian Insurance had declined to renew a cancer patient's policy alleging suppression of illness. The HC also said if a complainant does not accept the insurance ombudsman's award, the insurer cannot implement it

City Ganesh mandal takes 223cr cover

Mumbai: In what perhaps reflects changing times and needs, the city's top Ganesh mandals have taken huge insurance covers this year, reports Bella Jaisinghani. 
    Topping the list is GSB Seva Mandal in Kings Circle, which has insured itself for Rs 223 crore—a risk cover of Rs 20 crore, Rs 20 crore towards public liability, Rs 182 crore personal accident cover at Rs 10 lakh per head, including workers, volunteers and priests. The Lalbaugcha Raja mandal has chosen two policies worth Rs 20 crore and Rs 51 crore, while Andhericha Raja has taken a Rs 3.7 crore cover, including Rs 1.75 crore for terror threat