Nagaland, a mountainous state in northeast India, has renewed its groundbreaking parametric disaster insurance program, reaffirming its commitment to safeguarding critical infrastructure and ensuring rapid financial response to natural catastrophes.…
How Robotics is Changing the Face of Indian Banking: An In-Depth Analysis Introduction The banking sector is the backbone of any economy, and in India, it has been witnessing significant…
The Landscape of Income Protection in India India, with its rapidly growing economy and burgeoning middle class, presents a unique yet challenging landscape for income protection and replacement products. Despite…
The Indian economy has experienced significant changes over the decades, transforming from a largely agrarian society to a more diversified economy with growing industrial and service sectors. Here's an overview…
1. Preface: Excess of loss is effectively a ‘top-up’ limit of indemnity that sits in excess of the existing primary limit, and mirrors the cover provided by the primary wording.…
The Government of India has announced a massive Health Scheme for the downtrodden people of India called the Ayushman Bharat National Protection Scheme to be launched from August 15 this…
With a view to enhance and coalesce the fragmented liquidity in Corporate Bonds, SEBI has implemented the Request for Quote (RFQ) Platform through Bombay Stock Exchange (BSE) and National Stock…
Background One of the key challenges in the insurance business is selling new products (that meets customer’s need) and retention of existing customers which if not met properly may result…
Disputes between contracting parties do come up in commercial world in terms of interpretations of words, clauses, duties, obligations, etc. particularly when one of the contracting parties gets affected financially…
Both to Blame Collision Clause is appearing in the Clause 3 of Institute Cargo Clauses which provides that “This insurance is extended to indemnify the Assured against such proportion of…