Sponsored
    Follow Us:

insurance sector

Latest Articles


5 Questions You Should Ask Your Insurance Advisor

Finance : Discover the crucial questions you should ask your insurance advisor to ensure you get the right coverage. Learn more about policy...

July 9, 2024 819 Views 0 comment Print

Health and Life Insurance: How much coverage amount is necessary?

Finance : Learn how to determine the right coverage for health and life insurance. Discover the best plans and tips for securing your family...

June 27, 2024 960 Views 0 comment Print

Insurers and TPAs as Data Fiduciaries: Challenges and Solutions

Corporate Law : Explore the complexities faced by insurers and TPAs as data fiduciaries, navigating regulatory landscapes. Learn strategies and im...

May 13, 2024 738 Views 0 comment Print

Travel Insurance Claims: Handling Flight Delays and Cancellations

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,...

April 26, 2024 723 Views 0 comment Print

Taxation of ULIP and LIC- Part II

Income Tax : Explore the taxation of ULIP and LIC maturities under the Income Tax Act in India. Learn about capital gains, computation, and tax...

April 9, 2024 1515 Views 1 comment Print


Latest News


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 669 Views 0 comment Print

IRDAI’s Regulatory Revamp: A Paradigm Shift in Insurance Sector 

Corporate Law : Discover how IRDAI's recent regulatory overhaul aims to foster innovation, competition, and sustainable growth while protecting po...

March 24, 2024 747 Views 0 comment Print

Draft IRDAI (Protection of Policyholders’ Interests & Allied Matters of Insurers) regulations 2024

Corporate Law : Learn about the draft IRDAI (Protection of Policyholders' Interests & Allied Matters of Insurers) regulations 2024, including prov...

February 15, 2024 1287 Views 0 comment Print

Draft IRDAI (Rural, Social Sector & Motor Third Party Obligations) Regulations, 2024

Corporate Law : Explore the key provisions & implications of IRDAIs proposed regulations on rural, social sector & motor third party obligations. ...

February 8, 2024 807 Views 0 comment Print

Draft IRDAI Regulations 2024: Registration, Capital, Shares Transfer & Amalgamation

Corporate Law : Explore the proposed IRDAI Regulations 2024, consolidating key insurance rules. Learn about changes, clarity on capital structure,...

February 5, 2024 597 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 777 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 522 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 678 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 3369 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 1230 Views 0 comment Print


Latest Notifications


IRDAI Penalizes Prowess Insurance Brokers for regulatory violations

Corporate Law : IRDAI issues a penalty of Rs. 37 lakhs to Prowess Insurance Brokers for regulatory violations. Read the full order details and imp...

July 17, 2024 51 Views 0 comment Print

IRDAI Fines Bandhan Life Insurance ₹1 Crore for AML & Policyholder Protection Breaches

Corporate Law : Explore IRDAI's final order on Aegon Life Insurance (now Bandhan Life) regarding violations of AML and policyholder protection reg...

July 17, 2024 69 Views 0 comment Print

ITC Entitlement for Insurance Companies on Motor Vehicle Repair Expenses under Reimbursement Claims

Goods and Services Tax : Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST...

June 26, 2024 447 Views 0 comment Print

IRDAI Master Circular on Operations and Allied Matters of Insurers

Corporate Law : IRDAI introduces new insurance reforms focusing on policyholder empowerment, grievance redressal, and transparency in operations. ...

June 19, 2024 522 Views 0 comment Print

IRDAI Master Circular on Life Insurance Products

Corporate Law : Read about the latest reforms in the Indian life insurance sector by IRDAI, aimed at simplification, transparency, and informed de...

June 12, 2024 783 Views 0 comment Print


Alternatives to Traditional Re-Insurance

March 1, 2022 3087 Views 0 comment Print

Explore the dynamic world of Alternative Risk Transfer (ART) and discover innovative solutions beyond traditional re-insurance. From risk retention groups and insurance pools to captives and securitization, learn how ART can enhance your risk management strategies. Delve into the complexities, benefits, and evolving landscape of ART in this comprehensive guide.

7 effective tips and tricks to save while paying the car insurance premium

February 24, 2022 1509 Views 0 comment Print

Wanting the best protective detail for your car is natural. Car insurance is the key to maintaining and preventing technical glitches. The consequences of an accident can be more than just a dented exterior and that is why good car insurance is a necessity.

Analysis of IRDAI (Surety Insurance Contracts) Guidelines, 2022

January 30, 2022 3354 Views 0 comment Print

IRDAI (Surety Insurance Contracts) Guidelines, 2022 shall be applicable to all Insurers registered under the Insurance Act, 1938, to transact the business of general insurance and Surety Insurance, subject to compliance with eligibility criteria as set out in these guidelines.

Effect of Expression ‘Age Admitted’ under an Insurance Policy

January 25, 2022 2823 Views 0 comment Print

Age is one of the most important facts to be declared by the customer at the time of onboarding, because the rate of premium, the risk attached to his age, his medical conditions etc., will be determined on the age.  

Agreed Bank Clause In Insurance Policies

January 23, 2022 15024 Views 0 comment Print

Understand the crucial Agreed Bank Clause in insurance policies when dealing with financing from Banks, Financial Institutions, or NBFs for projects, homes, working capital, and more. Learn how this special clause protects the interests of Banks/Financial Institutions and the insured, ensuring compliance with Loan Agreement conditions. Delve into the specimen Bank Clause, exploring its provisions related to payments, discharge of liabilities, communication, and dispute resolution. Stay informed about the impact on insurance coverage in case of property ownership changes or alterations, emphasizing the importance of timely notification.

Capital Employed’ refers to Paid up capital of entity: IRDAI

January 17, 2022 906 Views 0 comment Print

Clarification on meaning of the term ‘Capital Employed’ mentioned under the Item, Retention (Each and Every Claim), of the Policy form under Section III of the abovementioned Guidelines. The Authority hereby issues clarification that the term ‘Capital Employed’ refers to the Paid up capital of the entity.

Importance of Health Insurance in India. Why now?

January 12, 2022 1428 Views 1 comment Print

Why do you need Health Insurance? It depends on when you are buying an Insurance Policy and for whom are you considering it. Although the need for health insurance varies from one use case to another, here are the top 3 reasons why we think you’d need Health Insurance for

Know All About ABSLI Cancer Protection Plan Covers

January 10, 2022 2721 Views 0 comment Print

As per the Indian Council of Medical Research and the National Centre for Disease Informatics and Research, the total number of men getting affected with different types of cancer is expected to reach 6,79,421 in 2020 and 7,63,575 in 2025.

Features of Marine Insurance

January 9, 2022 8115 Views 0 comment Print

Dive into the world of Marine Insurance and uncover its features. Learn about the coverage it provides for ships, cargo, terminals, and various transportation modes. Explore the historical context with the Marine Insurance Act of 1906 and the standardization efforts by Lloyds and The Institute of London Underwriters. Understand the classifications of Hull & Machinery and Cargo insurance. Delve into the evolution of insurance law in India, from the British era to the Insurance Act of 1938.

Persons Entitled to Payment under an Insurance Policy

January 8, 2022 16668 Views 0 comment Print

Understand the key aspects of Insurance Policy Payment Eligibility. Explore the types of insurance, including life, general, and health insurance. Learn about nominees, assignments, and legal provisions governing insurance claims. Gain insights into the roles of nominees, the impact of assignments, and the significance of nominations in the Insurance Act, 1938. Uncover the legalities involved in transferring or assigning policies and the role of the Transfer of Property Act, 1882. Delve into the complexities of nomination processes, cancellation, and changes, ensuring a clear understanding of the person entitled to insurance claims.

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031