Finance : Section 10(10D) provides exemption only when premium limits are within prescribed thresholds. If premiums exceed these limits, mat...
Finance : The article highlights the need for integrated travel and health insurance to manage both medical emergencies and trip disruptions...
Income Tax : Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The...
Finance : Cyber insurance helps cover financial losses from cyberattacks like hacking and data breaches. It is becoming essential as digital...
Finance : The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for oth...
Corporate Law : IRDAI formed a sub-committee to review private health insurance and improve policyholder experience. The initiative focuses on exp...
Corporate Law : The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their ...
Corporate Law : IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protect...
Corporate Law : The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandat...
Corporate Law : IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transpar...
Corporate Law : Supreme Court held that insurers impleaded as parties can raise all grounds, including quantum challenges. It remitted the case fo...
Income Tax : The SC upheld that reinsurance premiums paid to foreign entities are not taxable in India. It confirmed that absence of income acc...
Income Tax : The High Court held that reinsurance premiums paid to non-residents are not taxable in India and no TDS is required. It upheld Tri...
Corporate Law : SC affirmed a fire insurance claim after insurer attempted repudiation based on an arbitrary surveyor's report. Ruling held that o...
Corporate Law : Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court's decision against LIC's refus...
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
Corporate Law : The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhance...
Corporate Law : The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity ...
Corporate Law : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
IRDAI has issued a warning to Acko General Insurance for violating premium collection rules. The insurer failed to strictly comply with Section 64VB(1) of the Insurance Act, 1938.
Learn how late claims affect insurance payouts. The consequences of delayed notification depend on whether the policy clause is a condition or a condition precedent.
Learn about void insurance policies, the difference between void and cancelled coverage, and the legal and contractual conditions that determine whether a premium can be refunded.
Learn about top-up and super top-up health insurance plans, how they work, and the key differences between them to effectively increase your health coverage.
Explore comprehensive motor insurance policies in India, detailing covered damages, optional add-ons, and crucial aspects of third-party liability limits. Understand how policy terms define insurer responsibility.
A comprehensive vehicle insurance claim for theft cannot be repudiated or settled on a non-standard basis due to alleged taxi use, as established by Supreme Court precedent on breach of policy conditions.
IRDAI’s Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel for Bima Vistar, an affordable bundled policy.
Understand Own Damage Motor Insurance, its coverage for natural and man-made disasters, and the step-by-step claim process. Learn about essential documents and key considerations.
Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court’s decision against LIC’s refusal to register assignments.
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.
