A man sued his company for throwing him a surprise birthday party
He won $450k!

A Kentucky man was recently awarded $450,000 in a lawsuit against his ex-employer for throwing him an unwanted birthday party that triggered stress and anxiety.
(1/10) Evidently suffering from an anxiety disorder, Mr. Berling had asked his manager to not throw him a birthday party at work as it could potentially result in a panic attack and bring back uncomfortable childhood memories.
(2/10)

Women-led MSME registrations jumped 75% in FY22

Udyam portal, the official gateway for MSMEs (Micro, Small, and Medium Enterprises) to register in India, saw a 75% increase in registrations for women-led MSMEs in the financial year 2021-22.
(1/7) In contrast to 4.9 lakh registrations in FY21, there were over 8.59 Lakh registrations by women-led MSMEs in FY 2022. Although a sharp rise, the total share held by women entrepreneurs is still only around 17% of the total count.
(2/7)

Why was pop-icon Jimin’s luxurious apartment seized by authorities?

Park Ji-min, popularly known as Jimin, a member of the famous South Korean boy group BTS, recently had his house seized by authorities for not paying his Health Insurance premiums.
(1/9) According to reports, South Korea’s National Health Insurance Service temporarily impounded Jimin’s $4.7 million Nine One Hannam house located in Seoul for failure to pay his dues.
(2/9)

Sonam Kapoor’s father-in-law's company was cheated out of ₹27 Crore!

Shahi Exports Pvt. Ltd., an apparel manufacturing and exporting company run by actor Sonam Kapoor’s father-in-law Harish Ahuja, has recently been a victim of a highly sophisticated cybercrime.
(1/8) Approximately ₹27 Crore was stolen from the company by a gang of cybercriminals who were busted by police in Faridabad, Haryana.

The fraudsters operated by misappropriating the firm’s ROSCTL licences with the help of Ahuja’s forged Digital Signature Certificate.
(2/8)

#SpaceX launches 48 new #Starlink satellites into orbit!
Are they insured?

Elon Musk’s aerospace company SpaceX successfully deployed 48 new Starlink satellites into orbit this Wednesday. (1/5) Starlink is a constellation of broadband satellites that SpaceX is assembling in low earth orbit to provide internet access to most of the world.

This mission to provide high-speed internet to remote locations has been widely commended, but it isn't free from controversy. (2/5)

Why did Apple momentarily stop sales in Turkey?

The Turkish Lira has fallen to a record low due to controversial interest rate cuts. This year witnessed a 45% drop in the value of the currency, with a historic 15% decline on Nov 23.
(1/10) With inflation at its peak, goods priced in local currency are being sold at steep discounts.

And so, Turks are rushing to stores to buy valuable electronic goods like Apple products as investments, since they’re likely to find a good resale value for them in the future.
(2/10)

How a botched surgery cost two doctors ₹28.5 Lakhs

In March 2010, a woman from Dombivali Mumbai, sought relief from severe body ache and exhaustion. She subsequently contacted two doctors for her treatment.
(1/9) Little did she know she was about to be pulled into a decade-long legal battle.

She alleged that the doctors performed surgery on her without her permission and without explaining the risks involved. Moreover, the surgery led to permanent damage to both of her ureters.
(2/9)

How were army veterans in New Delhi cheated out of Crores?

The Army Group Insurance Fund (AGIF) was established in 1981 for providing Life Insurance cover to retired army personnel. It also comes with a medical benefit and a deposit scheme for deceased personnel’s family.
(1/7) But recently, the fund was targeted by a group of insurance fraudsters.

The group’s modus operandi involved reaching out to army veterans and claiming to help them receive monetary benefits from the fund.
(2/7)

How do Ganpati mandals protect their gold idols?

Happy Ganesh Chaturthi!

Ganesh Chaturthi is one of the most celebrated festivals across India. Each year the festivities span over 10 days and involve expensive Ganpati idols inside mandals laden with heavy gold ornaments.
(1/7) Leaving gold out in the open is obviously very risky. And this is why many of these mandals mitigate this risk by opting for insurance covers worth hundreds of Crores.

In fact, business skyrockets for insurance companies during these 10 days.
(2/7)

Why did it take a Gujarat resident 8 years to receive his son’s death claim?

A resident of Anand, Gujarat tragically lost his 22 year old son in 2013 to poor health. He went on to file a ₹5 Lakh death claim with his son’s life insurance policy, where he was the nominee.
(1/9) However, his claim was denied by the insurance company on the grounds that the deceased was suffering from mental health issues for which he was hospitalized- a detail that had not been disclosed to the insurance company.
(2/9)

Is your age the only determinant of your #HealthInsurance premium?

#Premiums refer to the payment that you make to your insurance company so that they can take care of your medical expenses.

(1/7) The actual amount depends on how likely you are to require a payout in the future and how much your insurer might have to pay in such an event.

There are various factors that affect this amount:

(2/7)

Let’s talk about Maternity #Insurance

Bringing a child into the world is a magical experience. But it's also very expensive. And unfortunately, your regular #HealthInsurance policy may not cover pregnancy and childbirth expenses.

(1/5) The reason is that Health Insurance covers unforeseen medical expenses, and getting pregnant is a very real possibility for most couples.

But don't fret- you can opt for maternity insurance as an add-on. This usually covers:

(2/5)

Why are room rent caps such a big deal?

Most Health Insurers place a limit on the amount you can claim for the rent of a hospital room. Usually, this limit is 1% of the total coverage.

(1/8) Example- Mohan's health policy has a Sum Insured of ₹5 Lakhs and the Sub-Limit for hospital room rent is 1%. If Mohan is hospitalized, his insurer will only cover room rent costs up to ₹5000 per day (1% of ₹5 Lakhs).

(2/8)

#Locusts might be coming back. Can insurance protect farmers?

A few days ago, certain districts in Rajasthan and Uttar Pradesh sounded an alert for a possible locust attack.

(1/6) Locusts travel in large swarms of up to 80 million and can eat up to their own weight in crops every day. They wreak devastation wherever they go. And so, the farmers in these areas need to protect their crops however they can.

(2/6)