14 Years, One BMW, Rs 70 Lakh: The Insurance Battle That Finally Ended In Victory
The story in brief
The incident occurred on March 8, 2012, and the ruling was reported in October 2026, making this an approximately 14-year dispute.
Reported by NDTV Profit
Originally published Wed, 14 Oct, 2026, 10:24 am IST on ndtvprofit.com. The headline and summary above are from the source’s news feed.
Why this matters
Insurance news — new rules, premium changes or claim trends — can change what your policy covers and what it costs.
It is worth reviewing your cover once a year: are the sum assured, room-rent limits and riders still right for your family and your income?
Who this could affect
Families with dependents
Rule changes can affect what your term or health cover pays, and when.
Policyholders renewing
New rules usually apply at renewal. Read the renewal notice for changes to premium, cover or waiting periods.
Employers
Group health and accident covers may need updating to keep employee benefits compliant and competitive.
Key terms in this story
- IRDAI
- The Insurance Regulatory and Development Authority of India, which regulates insurers and protects policyholders.
- Premium
- The amount you pay to keep an insurance policy active, monthly, yearly or as a single payment.
- Claim settlement
- The process of an insurer paying out on a valid claim. Insurers publish their settlement ratios every year.
What to watch next
- IRDAI circulars and the dates they take effect
- Premium revisions announced at your next renewal
- Insurers’ published claim-settlement and complaint data
- Changes to waiting periods, sub-limits and co-payments
Questions to ask yourself
- Is my life cover enough to replace my income for my family (often 10–15× annual income)?
- Does my health policy have a room-rent cap, co-payment or disease sub-limits?
- Are my nominees and contact details up to date on every policy?
Common questions about insurance
The share of claims an insurer settled out of those it received in a year. It is a useful signal, but also look at how quickly claims are settled and how many complaints the insurer receives.
Yes. Portability lets you switch at renewal and carry over the waiting-period credit you have already earned. Apply to the new insurer before your current policy’s renewal date.
Under the old tax regime, health insurance premiums qualify under Section 80D and life insurance under Section 80C, within limits. The new tax regime does not allow these deductions.
Not sure what this means for you?
Our team can walk you through how it affects your own money. No charge for the first review.
Understand the basics
Headlines and short summaries come from the credited sources’ public news feeds; each story page names its source and links to the original. Illustrations and “Why this matters” notes are by Ramasure. Ramasure Financial Services does not author, verify or endorse third-party reporting, and nothing here is investment advice.
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