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insurance act

Latest Articles


A Comprehensive Guide to Best Term Insurance Plans for ₹2 Crore Coverage

Finance : When it comes to insurance policies for your family’s finances, choosing the right term insurance is very essential. Although, t...

December 11, 2024 978 Views 0 comment Print

Overview of IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations (2024): Critical Analysis

Corporate Law : IRDAI’s 2024 regulations simplify processes for registration, share transfers, and mergers of Indian insurance companies, aiming...

December 8, 2024 231 Views 0 comment Print

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 1329 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 396 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 444 Views 0 comment Print


Latest News


Reduction of Entry Age and Increase in Premium Amount in LIC

Corporate Law : LIC adjusts entry age, minimum sum assured, and agent commissions. Government provides insights on these changes, addressing conce...

December 11, 2024 192 Views 0 comment Print

Reasons for High Health Insurance Premiums in India

Corporate Law : Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair p...

December 6, 2024 306 Views 0 comment Print

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 606 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 144 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 150 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 981 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 600 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 741 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 3738 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 1293 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 4, 2024 81 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....

October 30, 2024 168 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 381 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 7044 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 342 Views 0 comment Print


Latest Posts in insurance act

Reduction of Entry Age and Increase in Premium Amount in LIC

December 11, 2024 192 Views 0 comment Print

LIC adjusts entry age, minimum sum assured, and agent commissions. Government provides insights on these changes, addressing concerns over affordability and agent welfare.

A Comprehensive Guide to Best Term Insurance Plans for ₹2 Crore Coverage

December 11, 2024 978 Views 0 comment Print

When it comes to insurance policies for your family’s finances, choosing the right term insurance is very essential. Although, today, there are many substitutes available in the Indian market, perhaps, you would be confused as to which is the most suitable for you. Which plan has the best set of benefits for ₹2 crore coverage and/or addition features for ₹2 crore coverage?

Overview of IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations (2024): Critical Analysis

December 8, 2024 231 Views 0 comment Print

IRDAI’s 2024 regulations simplify processes for registration, share transfers, and mergers of Indian insurance companies, aiming to boost industry growth.

Reasons for High Health Insurance Premiums in India

December 6, 2024 306 Views 0 comment Print

Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair pricing for policyholders.

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

November 16, 2024 1329 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 396 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 606 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.

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

November 8, 2024 144 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 150 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.

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

November 4, 2024 81 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.

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