Fake website irdaionline.org available on internet
PUBLIC NOTICE It has been brought to the notice of the Authority that a website using domain name- www.irdaionline.org is selling insurance to the general public. This domain name is…
Let AI do the health check
In April last year, a medical device powered by artificial intelligence (AI) received approval from the US Food and Drug Administration (USFDA), marking a historic moment in healthcare globally. The…
Car owners to have more flexibility in choosing their insurers
Come September and owners of passenger cars and two-wheelers will have the option to select their insurer while buying or renewing their motor insurance policy. A comprehensive motor insurance policy…
Editorial IT October 2019
Insurance Sector, basically health as well as automobile sectors has much potential for covering more than 50% of total Insurance portfolio in the country. Other sectors like Travel / logistics…
Pension plan: Live a stress-free post retirement life
To spend a stress-free retired life, buying a retirement plan should be on the priority list. A retirement plan not only takes care of the financial expenses in the post-retirement…
SC absolves insurers of the burden to follow up inadequate disclosure of material facts
The Supreme Court by its judgment has absolved insurance companies of the burden to follow up an inadequate disclosure of material facts by the Insured. The Court held that it…
Insurance Regime: Criteria For Accidental Death Benefit
In Alka Shukla V Life Insurance Corporation of India, the Supreme Court comprising Justice D.Y. Chandrachud and Justice Hemant Gupta found that there was no evidence to show that any…
Working Group to examine and recommend linking of motor insurance premium with traffic violations
1. The Government of India is focusing on Intelligent Traffic Management System in the Metropolitan and Smart Cities. In view of this, the Automated Traffic Enforcement and violations of Motor…
New India Assurance Company Limited v. Rajeshwar Sharma
In New India Assurance Company Limited v. Rajeshwar Sharma and Others case, the Insured claimed that his business of sanitary wares suffered damages on account of illegal demolition by the…
Over 15 yrs after mishap, HC asks insurance co to give compensation to victims
Over 15 years after they met with a freak accident followed by a bitter legal battle, the Nagpur bench of Bombay High Court has directed United India Insurance Company Limited…