Finance : Discover the crucial questions you should ask your insurance advisor to ensure you get the right coverage. Learn more about policy...
Finance : Learn how to determine the right coverage for health and life insurance. Discover the best plans and tips for securing your family...
Corporate Law : Explore the complexities faced by insurers and TPAs as data fiduciaries, navigating regulatory landscapes. Learn strategies and im...
Finance : Are you tired of the daily grind and craving a break from the routine? Many of us look forward to that one special trip each year,...
Corporate Law : Explore the landscape of general insurance in India, covering categories, regulatory structures, historical developments, legal fr...
Corporate Law : Explore IRDAIs consolidated Master Circular on Submission of Returns effective April 2024. Simplify compliance with 202 regulatory...
Corporate Law : Discover how IRDAI's recent regulatory overhaul aims to foster innovation, competition, and sustainable growth while protecting po...
Corporate Law : Learn about the draft IRDAI (Protection of Policyholders' Interests & Allied Matters of Insurers) regulations 2024, including prov...
Corporate Law : Explore the key provisions & implications of IRDAIs proposed regulations on rural, social sector & motor third party obligations. ...
Corporate Law : Explore the proposed IRDAI Regulations 2024, consolidating key insurance rules. Learn about changes, clarity on capital structure,...
Corporate Law : In present facts of the case, the National Commission observed that where the Final Surveyor’s Report credibility becomes doubtf...
Corporate Law : In present facts of the case, the National Commission allowed the Revision Petition filed by the Complainant by making observation...
Corporate Law : In present facts of the case, the Revision Petition have been filed by the Petitioner – LIC against Respondents under section 21...
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...
Corporate Law : Oriental Insurance Company Limited Vs Dacite Furnishing Limited (Supreme Court) For deciding the application under Section 11(6) o...
Corporate Law : IRDAI issues a penalty of Rs. 37 lakhs to Prowess Insurance Brokers for regulatory violations. Read the full order details and imp...
Corporate Law : Explore IRDAI's final order on Aegon Life Insurance (now Bandhan Life) regarding violations of AML and policyholder protection reg...
Goods and Services Tax : Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST...
Corporate Law : IRDAI introduces new insurance reforms focusing on policyholder empowerment, grievance redressal, and transparency in operations. ...
Corporate Law : Read about the latest reforms in the Indian life insurance sector by IRDAI, aimed at simplification, transparency, and informed de...
Understand the concept of Contribution & Average Clause in insurance policies. Learn how insurers distribute loss among multiple policies, preventing excessive claims. Explore the nature of contribution, contribution clause, and its application in insurance. Differentiate contribution from subrogation and delve into the average clause, ensuring fair compensation for underinsured properties.
Central Government hereby declares every Saturday as a public holiday for Life Insurance Corporation of India, with immediate effect.
1. (1) These rules may be called the Insurance (Appeal to Securities Appellate Tribunal) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
1. (1) These rules may be called Indian Insurance Companies (Foreign Investment) (Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette.
Unimaginable situations can take place at any given hour. Such circumstances may cause havoc in your as well as your loved ones’ life. We hope not, but say something serious happens to you? Whether be it a critical illness or an accident, all your plans for the near future may get disrupted, and your loved […]
Explore the intricacies of Marine Insurance under the Marine Insurance Act, 1963. Uncover the coverage of ships, cargo, and terminals, distinguishing between Hull and Cargo Insurance. Delve into key clauses, such as Voyage and Time basis, governed by international regulations and INCOTERMS. Understand the significance of utmost good faith, insurable interest, and the role of warranties and conditions.
A bike insurance policy, at the end of the day, is a legal contract. It is a contract under which the policyholder promises to pay a certain amount of premium for a specified amount of time. In return, the insurance company promises to offer coverage as per the rules and extent of coverage. Generally, a […]
Insurance (Amendment) Act, 2021 raises limit of foreign investment in Indian insurance companies from the existing 49 per cent to 74 per cent. No Government provided that these provisions will be effective from 1st day of April, 2021 . MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st March, 2021 S.O. 1426(E).—In […]
(1) This Act may be called the Insurance (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Insurance (Amendment) Bill, 2021, amending the Insurance Act, 1938, seeks, inter alia, to provide for- (i) substitution of sub-clause (b) in the definition of Indian insurance company in clause (7A) of section 2 of the Insurance Act, 1938, so as to raise the limit of foreign investment in an Indian insurance company from the existing 49 per cent. to 74 per cent. and to allow foreign ownership and control with safeguards;
