The Dilemma of Bhang
A friend of mine was admitted to a reputed corporate hospital in Dehradun in 2025. On the eve of Maha Shivratri, he visited a nearby temple and ate the Prasad…
Insurance Policies Cannot Be Illusory: The Supreme Court’s Approach to Marine Insurance Warranties
We often observe that warranties are inserted in marine insurance policies to protect insurers' interests. However, Courts construe insurance policies in a manner consistent with commercial efficacy and business common…
The Dilemma of Settling a Claim–For want of the Proper Understanding of Policy Conditions
[caption id="attachment_28573" align="alignleft" width="148"] Prof (Dr.) Abhijit K. Chattoraj[/caption] Imagine a scenario: A claims manager, in a Standard Fire and Special Perils Policy, observed during the processing of the claim…
Application of Rule of Ejusdem Generis Rule in Insurance Claims
[caption id="" align="alignleft" width="134"] Prof (Dr.)Abhijit K Chattoraj[/caption] The ejusdem generis rule states that the meaning of any general term depends upon the specific words that go before it. The…
The importance of context- the implication of Noscitur a sociis Rule
[caption id="attachment_28221" align="alignleft" width="120"] Abhijit K Chattoraj[/caption] Context becomes very important when decoding a word used in a policy. In other words, the meaning of a word depends always on…
Insurance Contract: Rules of Interpretation
The interpretation of words is vital when settling a claim. From time to time, the courts have created rules to clarify [caption id="attachment_27721" align="alignleft" width="148"] Prof (Dr.) Abhijit K. Chattoraj[/caption]…
Unlocking the Implication of Warranty
It is heartening to note that the regulator in India (IRDAI) recently formed a high-power panel to suggest measures for insurance reforms. It is expected to examine various areas of…
Insuring the Insurance: A Model for Investment in Ethical Capital
If today's organizations have to survive and sustain themselves, they must invest in ethical capital, or they will go the way of dinosaurs. In other words, all capital ventures must…
Customer trust and Trust deficit – An oxymoron in Trust Continuum
[caption id="attachment_27215" align="alignleft" width="129"] Prof(Dr) Abhijit K.Chattoraj[/caption] Trust is a much-used, misused, and often abused word in insurance terminology. The entire insurance business is executed based on trust, yet misselling…
An untimely end to an illustrious Career – A. K. Roy
Mr. Ashok Kumar Roy, former Chairman-cum-Managing Director of GIC Re breathed his last on 5th June. He suffered a massive heart attack on 4th June while visiting Haridwar along with…