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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


Common mistakes by Companies while buying Marine Insurance

May 2, 2016 3616 Views 0 comment Print

Marine contracts are highly customizable and can easily be tailored to an individual’s specific marine situation with optional add-ons to cover damage caused during towing (both on and off-water), and so on. Basic policies cover any accidental damage that may occur as a result of a collision, sinking or vandalism. The contracts can be generally classified into 2 types:

How to buy the Right Health Insurance Plan

April 8, 2016 5650 Views 1 comment Print

In India, an average healthy family incurs about Rs. 50, 000 for their medical expenses while the expenditure goes even higher when someone in your family suffers from a critical illness. The increasing cost of health care and medical treatment in the country needs you to plan your healthcare expenses. Although the advancements of technology applications in the healthcare system have led to significantly improved procedures followed at the hospitals, you are recommended to opt for a premium health insurance plan for your family, including your parents, spouse, children, and self.

Young India dreaming big, but parents underprepared

February 23, 2016 2205 Views 0 comment Print

Sachin Tendulkar, who was also the master mentor of the initiative, said, Aviva and I have worked together on various initiatives that have helped identify the aspirations of Young India. I had an early start in my career due to the support of my family. India, today, is buzzing with many bright minds and I am very happy to partner personalities, who are renowned professionals in their respective fields, to enable these kids live their dreams.

Insurance Claim For Loss Of Stock

February 15, 2016 47365 Views 3 comments Print

DETERMINATION VALUE OF STOCK ON THE DATE OF DESTRUCTION: 1. From Stock Records 2. If stock records are destroyed, then prepare trading account on the date of destruction by taking previous years Gross Profit rate into account. Value of stock will be balancing figure in the trading account.

No Shortcuts to Financial Security: Time to experience power of 5

January 18, 2016 794 Views 0 comment Print

Discover the importance of long-term planning for financial security. Learn why shortcuts won’t provide lasting solutions for your family’s well-being.

Second surveyor can not be appointed by Insurance Companies

January 4, 2011 4486 Views 0 comment Print

Upholding a district forum order, the Maharashtra State Consumer Disputes Redressal Commission recently dismissed an appeal filed by an insurance firm. The commission ruled against the Oriental Insurance Company after it appointed a second surveyor t

LIC's new premium crosses Rs 50,000 crore during Apr-Oct

November 28, 2010 219 Views 0 comment Print

The new premiums of country’s largest insurer Life Insurance Corporation (LIC) has breached the Rs 50,000-crore mark during April-October period this year, an increase of 66 per cent from the corresponding period last fiscal. In the first seven month

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to Various Companies Men

November 25, 2010 219 Views 0 comment Print

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements;

PPN Scheme in Health Insurance

November 19, 2010 663 Views 0 comment Print

The Cashless Medical Insurance is provided by the Public Sector General Insurance Companies (PSGICs) through Third Party Administrators (TPAs). However, the health insurance portfolio is characterized by mounting losses mainly because some of the hos

Fire insurance claim for CIGAR

October 2, 2010 618 Views 0 comment Print

Mr. Satodiya Extractor Purchased a box of very rare and expensive cigars then insured them against, among other things, fire. Within a month, having smoked his entire stockpile of these great cigars and without yet having even one month complete Mr.

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