Application of principle of Utmost Good Faith in Motor Insurance.
In insurance contracts, the legal doctrine of utmost good faith applies. This casts on the insured the duty to disclose all material facts that have a bearing on the insurance.…
How Motor third party insurance was made compulsory in India?
A Certificate of Insurance must be carried in the vehicle as a proof of such insurance. For all vehicles registered with Regional Transport Authorities, third party insurance is compulsory as…
General Insurance Plan: Marine Hull and Machinery Insurance Policy from IFFCO Tokio General Insurance
The International Freight Forwarding market has changed considerably over the past few years with the introduction of Multi-modal Transpoters  ( MTO). And there is now an increased number of transport…
General Insurance: How interested is the insured: The aspect of Insurable Interest and its Transferability
While effecting a renewal of a Fire Policy issued by some other Company, it was observed that the name of the Insured in the original policy was different from the…
The Changing Face of Affinity Group Distribution
A. Traditional “Affinity Channels†have concentrated on a few defined areas of focus: 1. Delivering a value proposition to members/constituents that included…
Life Insurance Corporation of India paid more than Rs 404 cr last fiscal as claims to BPL families
Life Insurance Corporation of India during the last financial year has paid more than Rs. 403.91 crores by way of claims to families below poverty line during last financial year…
Reliance Life Insurance aims over 25 per cent growth in new business premium
Reliance Life Insurance is targeting over 25 per cent growth in its new business premium at Rs 2,300 crore in the current fiscal, according to a senior  official. The company…
Insurance News: Man gets himself killed for insurance
A man gave a supari for his own murder in Lakhimpur Kheri district of central Uttar Pradesh. The killing was carried out as planned but the police got the better…
International Insurance News: Insurance council inks MoC with German Insurance Association
Life Insurance Council, the industry body of all life insurance companies in the country, today said it has signed a Memorandum of Cooperation (MoC) with the German Insurance Association (GDV).
Insurance News: Analjit Singh raises stake in Max India; acquires 5.29 million shares
Max India chairman Analjit Singh has raised his stake in the healthcare and insurance company by 2%, consolidating his holding in the diversified company to 39%. Singh bought 5.29 million…