Conventionally, insurance penetration is measured as total insurance premium as a percentage of GDP. While useful as a broad indicator of the insurance sector's relative size, this is, at best,…
The Supreme Court in United India Insurance Co. Ltd. v. Levi Strauss (India) Pvt. Ltd. reaffirmed the fundamental principle that a contract of insurance is one of indemnity and not…
In my previous article, ‘Reinstatement Value Policy Insurance: The Rationale and the Spirit We Choose to Ignore’, I examined in detail a significant judgment of the Hon’ble High Court of…
[caption id="attachment_29905" align="alignleft" width="132"] Abhijit K Chattoraj [/caption] In my earlier article, 'The Implications of Drafting the Letter of Subrogation,' I mentioned (while referring to the case Oberai Forwarding Agency…
[caption id="attachment_29445" align="alignleft" width="116"] Abhijit K Chattoraj[/caption] In my last article, 'The Dilemma of Proximate Cause in view of the Varying Interpretations,' I referred to two laws, Bacon's Rule (immediate…