Month: July 2024

LIC’s Jeevan Amar plan is a Non-Linked, Without Profit, pure protection plan. The plan offers the flexibility to choose from two death benefit options viz: Level Sum Assured and increasing…

PUBLIC NOTICE It has been brought to the notice of the Authority that a website using domain name- www.irdaionline.org is selling insurance to the general public. This domain name is…

In April last year, a medical device powered by artificial intelligence (AI) received approval from the US Food and Drug Administration (USFDA), marking a historic moment in healthcare globally. The…

Come September and owners of passenger cars and two-wheelers will have the option to select their insurer while buying or renewing their motor insurance policy. A comprehensive motor insurance policy…

Insurance Sector, basically health as well as automobile sectors has much potential for covering more than 50% of total Insurance portfolio in the country. Other sectors like Travel / logistics…

To spend a stress-free retired life, buying a retirement plan should be on the priority list. A retirement plan not only takes care of the financial expenses in the post-retirement…

The Supreme Court by its judgment has absolved insurance companies of the burden to follow up an inadequate disclosure of material facts by the Insured. The Court held that it…

In Alka Shukla V Life Insurance Corporation of India, the Supreme Court comprising Justice D.Y. Chandrachud and Justice Hemant Gupta found that there was no evidence to show that any…

1. The Government of India is focusing on Intelligent Traffic Management System in the Metropolitan and Smart Cities. In view of this, the Automated Traffic Enforcement and violations of Motor…

In New India Assurance Company Limited v. Rajeshwar Sharma and Others case, the Insured claimed that his business of sanitary wares suffered damages on account of illegal demolition by the…