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insurance act

Latest Articles


Tax Benefits of Term Insurance Plans: A Complete Guide for FY 2024-25

Finance : A term insurance plan is considered a valuable asset in an individual's financial planning. It not only provides security to your ...

November 16, 2024 156 Views 0 comment Print

Comparative analysis of insurance fraud laws: investigating how different jurisdictions address insurance fraud and its enforcement

Corporate Law : Explore global insurance fraud laws, prevention methods, and IRDAI's role in tackling fraud. Learn how jurisdictions address risk ...

November 14, 2024 267 Views 0 comment Print

Impact of climate change on insurance policies

Corporate Law : Explore how climate change reshapes the insurance industry, affecting risk assessment, premiums, and coverage options in an increa...

October 2, 2024 402 Views 0 comment Print

How to choose right life insurance plan from multiple options?

Finance : In an unfortunate event that you pass away too soon, life insurance is an essential financial tool that gives your loved ones a sa...

September 23, 2024 702 Views 0 comment Print

The Perks of Group Health Insurance & Its Importance

Finance : Health Insurance is gaining popularity among the Indian population because it provides financial security and ensures a stress-fre...

August 22, 2024 336 Views 0 comment Print


Latest News


IRDA (Insurance Advisory Committee) (Amendment) Regulations, 2024

Corporate Law : IRDAI revises regulations for the Insurance Advisory Committee, enhancing meeting flexibility and clarifying advisory roles. Publi...

November 8, 2024 165 Views 0 comment Print

Draft IRDA (Re-Insurance Advisory Committee) (Amendment) Regulations, 2024

Corporate Law : IRDAI proposes updates to re-insurance committee regulations, introducing flexibility in meetings and member resignation or remova...

November 8, 2024 132 Views 0 comment Print

Draft IRDA (Meetings) (Amendment) Regulations, 2024

Corporate Law : IRDAI proposes amendments to its meeting regulations to enhance clarity and efficiency, including changes to meeting frequency, no...

November 8, 2024 114 Views 0 comment Print

IRDAI Strengthens measures to empower the Policyholders

Corporate Law : IRDAI releases a Master Circular to streamline policyholder rights, enhance claim settlements, and improve service standards for l...

September 5, 2024 408 Views 0 comment Print

IRDAI Master Circular on Submission of Returns

Corporate Law : Explore IRDAIs consolidated Master Circular on Submission of Returns effective April 2024. Simplify compliance with 202 regulatory...

June 14, 2024 1095 Views 0 comment Print


Latest Judiciary


Doubt in Surveyor’s Report Leading to Non-Assessment by Insurance Company constitute Service Deficiency

Corporate Law : In present facts of the case, the National Commission observed that where the Final Surveyor’s Report credibility becomes doubtf...

October 12, 2023 951 Views 0 comment Print

Insurance Policy applicable to whole India & not limited to concerned premises of Insured

Corporate Law : In present facts of the case, the National Commission allowed the Revision Petition filed by the Complainant by making observation...

October 11, 2023 588 Views 0 comment Print

Insurance Claim Rejection Unjustified: No Link Between Depression & Fatal Cardiovascular Arrest

Corporate Law : In present facts of the case, the Revision Petition have been filed by the Petitioner – LIC against Respondents under section 21...

October 11, 2023 711 Views 0 comment Print

Motor Accident Claim: Tyre Burst is not an ‘Act of God’ & Insurance Company is liable to pay Compensation

Corporate Law : Tyre burst is not an act of God but a consequence of negligence and the Driver/ Insurance company cannot be exonerated for the sam...

March 16, 2023 3675 Views 0 comment Print

Court is required to ensure that prima facie a genuine arbitrable dispute exists

Corporate Law : Oriental Insurance Company Limited Vs Dacite Furnishing Limited (Supreme Court) For deciding the application under Section 11(6) o...

December 28, 2022 1272 Views 0 comment Print


Latest Notifications


Exposure draft – IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2024

Corporate Law : IRDAI drafts new regulatory sandbox amendments to encourage insurance sector innovation and streamline compliance. Public comments...

November 8, 2024 60 Views 0 comment Print

IRDAI Drafts New Regulations for Data Maintenance

Corporate Law : IRDAI proposes new regulations for insurers to maintain and share information securely. Comments requested by November 20, 2024....

November 4, 2024 93 Views 0 comment Print

IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2024

Corporate Law : IRDAI releases draft guidelines on insurance fraud monitoring, open for feedback till Nov 13, 2024. Aims to strengthen fraud detec...

October 23, 2024 243 Views 0 comment Print

IRDAI Imposes ₹1 Crore Penalty on Marsh India for Delayed Premium Remittance

Corporate Law : IRDAI fined Marsh India ₹1 crore for violating regulations on premium remittance delays exceeding 15 days. The broker failed to ...

October 14, 2024 6897 Views 0 comment Print

IRDAI Circular on Subscribers to Other Forms of Capital

Corporate Law : IRDAI updates capital subscription rules for insurers under 2024 regulations. New entities eligible to subscribe are specified in ...

September 6, 2024 321 Views 0 comment Print


Latest Posts in insurance act

Tax Benefits of Term Insurance Plans: A Complete Guide for FY 2024-25

November 16, 2024 156 Views 0 comment Print

A term insurance plan is considered a valuable asset in an individual’s financial planning. It not only provides security to your loved ones but also offers the advantage of saving taxes that can reduce your taxable income significantly.

Comparative analysis of insurance fraud laws: investigating how different jurisdictions address insurance fraud and its enforcement

November 14, 2024 267 Views 0 comment Print

Explore global insurance fraud laws, prevention methods, and IRDAI’s role in tackling fraud. Learn how jurisdictions address risk management and regulatory gaps.

IRDA (Insurance Advisory Committee) (Amendment) Regulations, 2024

November 8, 2024 165 Views 0 comment Print

IRDAI revises regulations for the Insurance Advisory Committee, enhancing meeting flexibility and clarifying advisory roles. Public comments invited by 26 Nov 2024.

Exposure draft – IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2024

November 8, 2024 60 Views 0 comment Print

IRDAI drafts new regulatory sandbox amendments to encourage insurance sector innovation and streamline compliance. Public comments are invited until November 25, 2024.

Draft IRDA (Re-Insurance Advisory Committee) (Amendment) Regulations, 2024

November 8, 2024 132 Views 0 comment Print

IRDAI proposes updates to re-insurance committee regulations, introducing flexibility in meetings and member resignation or removal criteria.

Draft IRDA (Meetings) (Amendment) Regulations, 2024

November 8, 2024 114 Views 0 comment Print

IRDAI proposes amendments to its meeting regulations to enhance clarity and efficiency, including changes to meeting frequency, notice periods, and roles.

IRDAI Drafts New Regulations for Data Maintenance

November 4, 2024 93 Views 0 comment Print

IRDAI proposes new regulations for insurers to maintain and share information securely. Comments requested by November 20, 2024.

IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2024

October 23, 2024 243 Views 0 comment Print

IRDAI releases draft guidelines on insurance fraud monitoring, open for feedback till Nov 13, 2024. Aims to strengthen fraud detection, prevention & response.

IRDAI Imposes ₹1 Crore Penalty on Marsh India for Delayed Premium Remittance

October 14, 2024 6897 Views 0 comment Print

IRDAI fined Marsh India ₹1 crore for violating regulations on premium remittance delays exceeding 15 days. The broker failed to comply with required timelines.

Impact of climate change on insurance policies

October 2, 2024 402 Views 0 comment Print

Explore how climate change reshapes the insurance industry, affecting risk assessment, premiums, and coverage options in an increasingly volatile environment.

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