NCDRC Upholds Claim Rejection Over Non-Disclosure
Case Title: Sushila Singh vs. Birla Sun Life Insurance Co. Ltd. and Anr. Summary The National Consumer Disputes Redressal Commission (NCDRC) dismissed an appeal against Birla Sun Life Insurance Co.…
Bombay HC: Insurer Liable If No Cancellation Notice
Case Title - HDFC ERGO General Insurance Company Ltd. v. Nayajoddin Nijamuddin and Ors. Summary The Bombay High Court has ruled that an insurance company can retain liability under the…
What is Risk Management? A Beginner’s Guide
Understanding the Concept of Risk What is Risk in Business and Projects? Risk is essentially the possibility of an undesirable event or outcome that can impact goals, operations, or resources.…
Fixing senior citizen health insurance pricing beyond the premium caps
The Insurance Regulatory and Development Authority of India (IRDAI) has capped annual health insurance premium hikes for senior citizens at 10%, offering much-needed relief to an age group often hit…
Government weighs 50-yr bonds to deepen insurance market
The Indian government may consider issuing 50-year on-tap bonds in the next fiscal (FY26), in a bid to encourage insurance companies to subscribe and better manage their business, two people…
Safety Measures to Prevent Fire Accidents in Industries
Introduction In today's hyper-connected world, the line between physical and digital spaces is rapidly blurring. While digital advancements have revolutionized communication, commerce, and banking, they have also opened the floodgates…
SC: Claim Can Be Denied for Hiding Existing Policies
You already have a life insurance policy (A). You buy another life insurance plan (B) without disclosing to them that you are already covered under plan A. In one of…
Workplace Safety and Health – Addressing Accidents in Manufacturing Plants
Executive Summary Workplace safety and health are critical to ensuring employee well-being and sustaining productivity in manufacturing environments. Manufacturing plants, due to their reliance on heavy machinery, hazardous materials, and…
Technical Glossary on Fire Insurance
1. Actual Cash Value (ACV): The value of the insured property at the time of loss, considering depreciation. 2. Add-on Covers: Optional extensions to the standard fire insurance policy offering…
Star Health Launches ‘SheTARA’ for Women’s Health
Star Health and Allied Insurance Limited (Star Health Insurance) is marking International Women's Day with the launch of 'SheTARA', a large-scale women's health initiative designed to provide free and accessible…