Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds, plus tax-saving strategies like loss harvesting.
Supreme Court rules a company is a ‘person’ under the 1986 Consumer Protection Act, enabling it to file deficiency of service complaints. Case remanded for re-examination of fire insurance claim.
India’s Maternity Benefit Act, 1961, grants paid maternity leave to all employed women, regardless of marital status, covering miscarriage, adoption, and imposing penalties for employer non-compliance.
India’s PMLA, 2002, mandates a robust Anti-Money Laundering (AML) framework for insurance companies, involving KYC, risk assessment, suspicious transaction reporting, and employee training to combat financial crime.
J&K High Court rules motor insurance typically excludes gratuitous passengers, shifting compensation liability to the vehicle owner, with courts sometimes ordering insurers to pay and recover.
The NCDRC ruled that an insurance policy’s grace period starts from the electronic clearing system (ECS) dishonour date, not the premium due date, holding LIC liable for a death claim.
Learn how critical illness riders in insurance offer extra coverage, types of riders available, and key terms like waiting period, exclusions, and payouts.
Overview of IRDAI’s 2024 Corporate Governance Regulations for Insurers, covering board composition, committee structures, KMP appointments, compliance, and ethical frameworks for the insurance sector.
Learn about Bima-ASBA, IRDAI’s new facility for insurance premium payments. This mechanism blocks funds in a prospect’s account via UPI, debiting only upon policy acceptance, offering a secure and efficient process.
Summarizing IRDAI’s 2024 regulations on insurance advertising, this text covers definitions, mandatory disclosures, prohibitions, approval processes, and the roles of advertising and product management committees in ensuring fair and transparent practices.
