Month: December 2012

The hazard of accidental death or injury resulting from participation in aeronautics.

Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault. The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or…

The Reserve Bank of India (RBI) has extended the date for implementation of Basel III, the global capital norms for banks, by three months to 1 April. “The Reserve Bank of…

Liquidity outside the banking system remains positive even as its negative inside. So the Reserve Bank of India (RBI) will have to reassess its bond purchase programmes and cash reserve…

United India Insurance collected a premium of Rs 4,757 crore in the first half of the current financial year and is likely to cross Rs 10,000 crore in the current…

Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.

It’s a dog’s life – in insurance, too. Though public sector general insurers and some private ones have offered this cover to tap the growing number of canine lovers in…

The budget laid down new rules for the insurance sector in 2012. The premium will be eligible for tax deduction and the income will be tax-free only if the insurance…

State-controlled Union Bank of India gained 1.3 percent intraday recently as the board of directors of the company has approved raising equity capital by way of preferential allotment/ qualified institutional…

Bank of India has increased the interest rate on bulk deposits of Rs 10 crore and above for one to less than two years maturity to 9 per cent (from…