PRODUCT COMPARISON
Right from the time it comes into your life till it is all grown up and independent, a child is always a bundle of joy. You give your child the…
Choose the right health insurance plan to protect your family
Choose the right health insurance plan to protect your family The past few years have observed that the term medical insurance has touched the seventh sky with the new discoveries.…
Guidelines on settlement of Life Insurance Claims to the victims of recent Floods in many states
As a result of the heavy rains and floods, there are reports of loss of human lives and loss of belongings in many states such as Karnataka, Kerala, Maharashtra, Gujarat.…
Guidelines on Insurance Claims of victims of recent floods (August 2019) in parts of Karnataka
1. As you are aware, the recent floods have caused immense loss to property in the state of Karnataka. There is an urgent need for the insurance industry to take…
Withdrawal of Instructions issued on reporting of payouts to Insurance Agents and Insurance Intermediaries
The Authority vide the below mentioned circulars have mandated the reporting of payouts made to Insurance Agents and Insurance Intermediaries: - (i) Circular Ref. No. IRDA/F&I/CIR/F&A/008/01/2010 dated 21st January, 2010;…
Religare Insurance booked for fake claim
A 59-year-old woman filed a complaint against Anuj Gulati, MD and CEO of Religare Health Insurance, Vijay Bhaskar, Religare’s Bengaluru manager and 13 others including doctors at Diya Healthcare, for…
Age of Deceased, not age of dependent, Material in Computing Insurance Claim: SC
The Supreme Court has reiterated the insurance claim principle whereby the computation of claim amount is supposed to be done based on age of the deceased and not age of…
Supreme Court Enhances Compensation in Motor Accident Claim
The bench of Justices Indu Malhotra and Sanjiv Khanna in Sunita Tokas & Anr. Versus New India Insurance Co. Ltd. & Anr reiterated that age of the deceased is material…
Niggardly towards lifetime disability
The Supreme Court has recently criticized the Calcutta High Court for dismissing the appeal of a woman without giving reasons. She had appealed on behalf of her 10-year-old son who…
Law on insurer’s burden in a flux
The liability of an insurance company to compensate a road accident victim when the terms of the policy have been violated came in for examination again in the Bombay High…