Finance : A term insurance plan secures your family's future during unforeseen events. Explore the best term insurance plans in India and th...
Finance : Learn how group travel insurance protects against trip cancellations, medical emergencies, and lost luggage. Find out why it’s e...
Finance : Term insurance is one of the most cost-effective ways to ensure financial protection for your loved ones. With a variety of option...
Finance : Health insurance is an essential financial safeguard that covers medical expenses during emergencies and planned treatments. Howev...
Corporate Law : Learn about IMF Registration for private limited companies, its process, requirements, and benefits. Expand into insurance marketi...
Corporate Law : IRDAI permits insurers to use equity derivatives for hedging, aiming to reduce portfolio risks amid market volatility. Strict comp...
Corporate Law : LIC adjusts entry age, minimum sum assured, and agent commissions. Government provides insights on these changes, addressing conce...
Corporate Law : Govt. responds to concerns over high health insurance premiums, citing actuarial principles and IRDAI regulations to ensure fair p...
Corporate Law : IRDAI revises regulations for the Insurance Advisory Committee, enhancing meeting flexibility and clarifying advisory roles. Publi...
Corporate Law : IRDAI proposes updates to re-insurance committee regulations, introducing flexibility in meetings and member resignation or remova...
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 warns Heritage Health Insurance TPA for closing claims and issuing repudiations directly, violating regulations. Action repo...
Corporate Law : IRDAI warns Heritage Health TPA for non-compliance in claims handling. Advisory issued to follow regulations in health insurance c...
Corporate Law : IRDAI fines Flipkart ₹1.06 crore for insurance regulation breaches, including ISNP misuse and operating without valid registrati...
Corporate Law : IRDAI mandates strict adherence to cyber security guidelines, including incident reporting, forensic audits, and compliance measur...
Corporate Law : IRDAI reconstitutes its Insurance Advisory Committee, appointing five new members. The notification takes effect from its publicat...
Dear Friends, we know that insurance has become one of the essential needs of people during their trying times. Insurance provides us financial safety against insured perils or risks. The risks may be man made or natural. We are facing today one of the greatest and dangerous pandemic COVID-19. This is man made and emerges […]
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.
