Month: May 2024

Abstract: Paper starts with definition of Fraud, the paper then explains what causes an individual to do Fraud. This was then explained in detail with the help of a case…

No financial compensation from insurance sector against the massive damages caused due to recent cyclone storm in coastal parts of India,  has exposed the outreach of insurance services in rural…

Amongst the global headlines in the month of March of this year, references to the blockage of one of the busiest shipping lanes of the world by the container ship…

Tropical Cyclone is a hazard experienced on sea coasts in the tropical regions of the earth and is known to man for many centuries. They have caused catastrophic havocs in…

Disruptions that have taken place as fallout of the covid-19 pandemic have reflected themselves in many ways. Change is the only constant and for the insurance industry, change is nothing…

On reference made by the Hon'ble Supreme Court of India, IRDAI undertook a comprehensive review of the extant Arbitration Clause prevalent across various lines of business in the General Insurance…

It is important for a policyholder to understand the terms and conditions of the policy that has been purchased. Since a policy document may be fraught with legalese, it is…

This has reference to the IRDAI circular ref: IRDA/IID/CIR/MISC/229/11/2022 dated 14th Nov 2022 and Master Direction - Non-Banking Financial Company- Account Aggregator (Reserve Bank) Directions, 2016 dated 2nd September, 2016…

In a fire insurance claim, the Supreme Court recently held that the exact cause of the fire is immaterial if the insured is not implicated as the one responsible for…

Life Insurance Corporation of India, or LIC, has launched a new individual, savings, and Whole Life Insurance plan. The Plan is a Non-Linked, Non-Participating Plan. This is a comprehensive form…