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Whether loss of goods sustained by insured, fall within the meaning of ‘burglary’ as stated in insurance policy

May 31, 2022 1371 Views 0 comment Print

In the present case, entry by the culprits was by removal of roof sheet which cannot be done without use of force. Hence, it would be a case of violent entry for committing theft/burglary. It means that removal of roof sheets by culprits is considered as forceful entry into premises and hence comes under definition of theft or burglary based on the circumstances of the case and hence insurance company is liable for payment of claim.

Ambiguous term in insurance contract is to be construed harmoniously by reading contract in its entirety: SC

May 31, 2022 1011 Views 0 comment Print

SC held that denying the appellant’s claim on account of upholding an unfavourable interpretation of an ambiguous term would entail the respondent not performing its duties as a government company.

IDRA modifies definition of Critical Illnesses for Health Insurance Products

May 30, 2022 1911 Views 0 comment Print

IRDA modifies definition of Critical Illnesses for Health Insurance Products. Stay updated with the latest changes in the guidelines.

Adhering Timelines of Award Settlement as Per Rule 17(6) of Insurance Ombudsman Rules, 2017

May 30, 2022 4527 Views 0 comment Print

Learn about adhering to the timelines of award settlement as per Rule 17(6) of Insurance Ombudsman Rules, 2017. Find out why it’s important for insurers to comply with these guidelines.

Important Facts Related to All Risk Insurance Policies

May 30, 2022 2058 Views 0 comment Print

Discover the important facts about all-risk insurance policies and understand the different types of coverage they offer.

You Have Option To Opt Out From Group Inusurance Policy Also

May 27, 2022 2781 Views 1 comment Print

Discover how to opt out from a group insurance policy and secure your health coverage even when changing jobs.

ITR Filing Is Mandatory In Below Mentioned Situations

May 27, 2022 40764 Views 1 comment Print

Discover when ITR filing is mandatory in various situations, such as high expenditure on electricity bill or foreign travel.

Some Significant Cases Related To Deemed Dividends

May 25, 2022 5487 Views 0 comment Print

Understand the tax implications of bonus shares in deemed dividends. Explore the case of PCIT vs. Dr. Ranjan Pai and its impact on shareholders.

Provisions of Inspection, Search, Seizure & Arrest under GST

May 25, 2022 41463 Views 0 comment Print

Understand the provisions of inspection, search, seizure & arrest under GST. Learn about the changes and amendments in the GST Act,2017.

Committee of Creditors cannot consider another Fresh Resolution Plan once a Resolution Plan Approved

May 25, 2022 5586 Views 0 comment Print

NCLAT held that a fresh resolution plan cannot be considered by committee of creditors of AMW Autocomponent Limited (CoC).

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