Month: June 2024

Principles of Insurance Insurance:It may be described as a social device to reduce or eliminate risk of life and property. Under the plan of insurance, a large number of people…

International Maritime Organisation (IMO) adopted two resolutions in November, 2003 on the issue of   “ Places  of Refuge “ for  ships in distress.  When  any ship is in distress condition…

Introduction: Global Direct Insurance Premium for 2018 is estimated as under- Life: USD 2820 Billion                   USD 5193 Non-Life: USD 2373 Billion            Billion Reinsurance Premiums according to Reinsurance Treaty Programs of…

IRDAI is running without a regular Chairman which should be taken care of by the Govt. at the earliest since IRDAI needs to closely monitor the Insurance Industry in India…

LIC is planning for an IPO and may be launched next year. The Chairman of LIC has been given extension till next year to oversee the process of successful launch…

A day after a woman and her live-in partner were arrested for killing her nine-year-old daughter, police said the duo committed the murder for insurance money. They tried to make…

Death Claim settlement is one of the most important responsibilities that an insurance company has to fulfil towards its policyholders and claimants. This service has assumed greater importance in the…

The wife will not be entitled to any legal share in the insured money, if her deceased husband did not contribute any premium, the Madras High Court has ruled. Justice…

1. Preliminary The insurance intermediaries engaged in solicitation and distribution of insurance products, viz., Insurance Brokers, Corporate Agents, Insurance Web Aggregators, Insurance Marketing Firms are required to take Professional Indemnity…

Based on the Show Cause Notice (hereinafter referred to as “SCN”) (Reference No. IRDA/HLT/TPA-Grand TPA/010/Vol-II dated 16th March, 2021) issued in connection with Non Submission of Annual Returns for the…