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insurance sector

Latest Articles


Endowment Plan vs. Term Insurance: Making the Right Choice

Finance : When buying a life insurance policy, choosing one that aligns with your financial goals and provides the best protection for your ...

July 20, 2024 807 Views 0 comment Print

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 888 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 1008 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 813 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 771 Views 0 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 765 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 768 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 1323 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 849 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 648 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 813 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 552 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 693 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 3465 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 1245 Views 0 comment Print


Latest Notifications


IRDAI Updates KYC Rules for Insurers as per PMLA guidelines

Corporate Law : IRDAI circular on 12th August 2024 updates KYC requirements for insurers, reflecting amendments in the Prevention of Money-Launder...

August 12, 2024 114 Views 0 comment Print

IRDAI Directs Life Insurers to Submit Data to IIBI by 30th September 2024

Corporate Law : IRDAI mandates life insurers to submit data for specified categories to IIBI by 30 Sep 2024. Annual submissions to continue from F...

August 8, 2024 186 Views 0 comment Print

IRDAI’s New Guidelines for Wayanad Landslide Insurance Claims

Corporate Law : IRDAI directs insurers to expedite claims for Wayanad landslides, with specific guidelines for response, claim processing, and com...

August 2, 2024 198 Views 0 comment Print

IRDAI imposes penalty on Care Health Insurance for ESOP Violation

Corporate Law : Explore IRDAI's order against Care Health Insurance Ltd. for ESOP violations. Detailed analysis of legal implications, penalties i...

July 23, 2024 186 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 15, 2024 306 Views 0 comment Print


Motor Insurance Frauds -Detection And Control

July 8, 2021 7323 Views 0 comment Print

Discover the ways to detect and control motor insurance frauds in India. Learn how legal professionals support bogus accidents for false claims.

Compliance Risk Management-Insurance Companies

July 3, 2021 5571 Views 1 comment Print

Mitigate compliance risk in the insurance sector to protect your company’s reputation. Learn about the consequences of non-compliance and regulatory interventions.

Concept of “Actuarial Risk” -In Insurance

July 1, 2021 4149 Views 0 comment Print

Explore the concept of Actuarial Risk in insurance. Learn how actuaries manage risk and uncertainty, estimating factors like mortality, morbidity, and burning costs. Dive into IRDAI regulations governing appointed actuaries, their duties, and powers. Discover key factors influencing actuarial risks, including product risk, mortality risk, morbidity risk, burning costs, pricing risk, and solvency risk. Understand the importance of accurate assumptions in risk estimation for successful insurance product development.

Life Insurance Corporation (Amendment) Rules, 2021

June 30, 2021 4965 Views 0 comment Print

1. (1) These rules may be called the Life Insurance Corporation (Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette.

Why buying term life insurance in your 30’s is a smart choice

June 25, 2021 2313 Views 0 comment Print

Graduating, getting a job, starting to manage your own finances, and securing your future are all the stepping stones one sets out to achieve in their 20s. By the time you’re 30, you have likely achieved some financial stability. But, the ‘what if’ factor never leaves the mind, does it?

Does your luxury car need an insurance policy?

June 24, 2021 693 Views 1 comment Print

Luxury cars are a status symbol and are valuable assets. Here are a few factors to keep in mind while choosing your car’s protection plan.

Prohibition on Loans or Advances – Under Insurance Act,1938

June 19, 2021 3825 Views 0 comment Print

SECTION 29 provides that ;(1) No insurer shall grant loans or temporary advances either on hypothecation of property or on personal security or otherwise ,except loans on life insurance policies issued by him within their surrender value , to any director, manager, actuary, auditor, manager or any officers of the insurance company, or to any […]

Health Insurance policy – FAQs

June 8, 2021 1404 Views 0 comment Print

Q.1 What are the Insurance Companies that offer Health Insurance in India? Ans: Health Insurance policies are offered by all Life, General and Health Insurance companies that are registered with IRDAI. The names of the Insurance companies that are registered with IRDAI are available in IRDAI website www.irdai.govl.in. Standalone Health Insurance Companies also offer Personal […]

Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021

May 19, 2021 1500 Views 0 comment Print

Total Foreign Investment in an Indian Insurance Company, shall mean the sum total of direct and indirect foreign investment by Foreign Investors in such company, calculated in such manner as is specified in regulations made by the Authority with regard to registration of Indian Insurance Companies

A Standard Health Insurance Policy or COVID19 Specific Policy- Still Confused?

May 18, 2021 828 Views 0 comment Print

The highly asked question in the current times is definitely about the right health insurance policy. People at large extent are having a tough time in making selection between a comprehensive health insurance policy and COVID 19 specific policy, or do they really require a COVID19 related policy even when they have a health insurance […]

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