Necessity of training for the General Insurance Agents
Having put in service of more than 4 decades in the insurance industry, I had been seeing that among the insurance agents some procuring business were illiterate, some did not…
Preparation of Marine Cargo Policies
It is generally observed that most of the marine policies issued are defective. The areas where the mistakes are being committed are in attaching the clauses.
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Licentiate Exam Mock Test
Insurance Training Centre, wing of The Insurance Times is pleased to announce the launch of online Mock Tests for Licentiate exams. After the excellent response of our guide books for…
Forum orders United India Insurance to pay mediclaim
The Consumer Disputes Redressal Forum, Ahmedabad (Rural), has partly allowed a complaint filed jointly by Consumer Education and Research Society (CERS), Ahmedabad, and Mrs. Reshma Trivedi, holding United India Insurance…
SC : Include future loss of income in accident payout
If a person suffers permanent disability in an accident caused by a vehicle, then the compensation due to him should be computed taking into account not only his present earnings…
Damages for Road deaths without deciding on guilty
In two judgments recently the Supreme Court (SC) ruled that in road accidents, insurance companies should pay compensation under the 'no-fault liability' clause in the Motor Vehicles Act irrespective of…
Cashless claims : IRDA chief ex plains non-intervention in stand-off
The Insurance Regulatory and Development Authority, Mr. J. Hari Narayan, justified IRDA's non-intervention in the current stand-off between some insurers and hospitals on extending cashless treatment facility citing contractual aspects…
Accident damages
A motor accident claims tribunal has awarded a compensation of Rs.30.57 lakh to a man who lost his eyesight after injuries in a road accident with an autorickshaw last year.…
Limitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.
Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising his rights. This period is to be calculated from the…