The Supreme Court has reiterated the insurance claim principle whereby the computation of claim amount is supposed to be done based on age of the deceased and not age of…
The bench of Justices Indu Malhotra and Sanjiv Khanna in Sunita Tokas & Anr. Versus New India Insurance Co. Ltd. & Anr reiterated that age of the deceased is material…
The Supreme Court has recently criticized the Calcutta High Court for dismissing the appeal of a woman without giving reasons. She had appealed on behalf of her 10-year-old son who…
The liability of an insurance company to compensate a road accident victim when the terms of the policy have been violated came in for examination again in the Bombay High…
With an increase in internet penetration, social media and digital banking transactions, we are unknowingly exposed to various cyber-attacks. These can range from misuse of your financial information to data…
The Bombay High Court in a noteworthy decision held that the mark iTerm used by the plaintiff, Aegon Life Insurance Company, was not inherently distinctive in relation to the insurance…
In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, the Authority, in exercise of the powers under Section…
All Insurance Policies issued towards domestic and overseas travel coverage shall comply with the following norms: 1. Premium shall not be received more than 90 days in advance to the…
This has reference to the e-Tender published on www.eprocure.gov.in for Information and Cyber Security related Audits and Services for IRDAI (RFP No. IRDAI/IT/18-19/12) dated 9th Nov, 2018 and subsequent technical…
IRDAI has extended the time limit for withdrawal of life insurance products upto 31st January 2020. Earlier the deadline was 30th November 2019. However, based on representation received from Life…