Insurance Times Editorial October 2017
IRDAI is examining the possibility of allowing private equity (PE) firms to buy stakes in Insurance Companies. A decision on this is likely to be taken in a month's time.…
Difference Between Term Insurance and Life Insurance: What You Need to Know
In today’s world, where uncertainty can strike at any moment, securing your family’s financial future is crucial. The best way to ensure this security is through insurance. However, choosing the…
Understanding Homeowners Insurance: Your Comprehensive Guide
For most people, their home is their most significant investment and a place of security and comfort. However, unforeseen events such as natural disasters, fires, or theft can threaten the…
Insurance claims relating to landslides in Wayanad, Kerala
1. The landslides in Wayanad, Kerala (July, 2024) are reported to have caused widespread loss to human lives, property (homes and businesses) and infrastructure. 2. All Insurance Companies are advised…
Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2024
1. Attention is drawn to amendments effected to Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 (PML Rules) vide gazette notification no. GSR 419 (E) dated 19th July 2024. 2.Attention…
Vision Meet on “Insurance for All” by 2047
The "Insurance for All" Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, was a pivotal event aimed at laying the groundwork…
If The Insurance Company Agrees To Pay The Owner Of The Insured Vehicle, It Is Liable Under Contract: High Court of Delhi
Title: National Insurance Co. Ltd. vs. Ravi Prakash Mishra & Anr. Summary The Delhi High Court ruled that an insurance company must fulfill its contractual obligations to compensate the owner…
Supreme Court: In motor accident claims, the deceased’s social status should be taken into account if there is insufficient evidence of their income.
Case title: Kubrabibi v. Oriental Insurance Summary The Supreme Court has upheld an award made by the Motor Accidents Claim Tribunal (MACT) in a vehicle accident case. The Supreme Court…
Zuno General Insurance Launches Usage Based Insurance Policy For Motor Vehicles In India
General Insurance company Zuno (Formerly known as Edelweiss) announced the launch of new add-on offering for their motor insurance products during a press event in Mumbai today. The new feature…
PhonePe launches pre-approved term life insurance
PhonePe, announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of Indians by…