The Insurance Times July 2025 EBook Version
The Insurance Times - July 2025 issue - Ebook Version Please click on the image or link below to view the Ebook version of the Journal - https://online.flipbuilder.com/yojw/ihmr/
Insurer held liable for delay in claim settlement
Ramesh Kanji Cham owned a motor vessel named "Miraj", which he used in the shipping business to transport materials. Cham insured the boat with National Insurance from February 8, 1997,…
Lost Baggage Payout: Significance of Landmark Verdict
The Delhi State Consumer Commission last month asked low-cost airline SpiceJet to pay Rs 2 lakh compensation to a passenger for losing his checked-in baggage that contained gold jewellery and…
Corporate Agency Advisory to Regional Rural Banks and Insurers
1. Scope of the Circular This circular applies to Regional Rural Banks (RRBs) that have undergone amalgamation effective from 1st May, 2025, in accordance with Gazette Notification No. CG-DL-E-07042025-262329 dated…
Advisory Issued to Insurers and Industry Councils
On June 12, 2025, Air India Flight 171, a Boeing 787-8 Dreamliner, tragically crashed into BJ Medical College hostel, shortly after take-off from Sardar Vallabhbhai Patel International Airport in Ahmedabad,…
NCDRC Rejects Bajaj Allianz Appeal on Property Nature Objection
Case Title: Bajaj Allianz General Insurance Co. Ltd. vs Bhupender Gahlawat Summary The National Consumer Disputes Redressal Commission (NCDRC) denied an appeal by Bajaj Allianz General Insurance Company, which objected…
SC: Work Nature Vital in Motor Disability Claims
Case Title: Sarnam Singh V. Shriram General Insurance Summary The Supreme Court and the Apex Court have emphasized the importance of evaluating physical disabilities in vehicle accident cases. The division…
Pay-As-You-Go Life Insurance: A Disruptive Model for the Digital Age
In an era where personalization, flexibility, and digital convenience are paramount, traditional life insurance models are being challenged. Enter Pay-As-You-Go (PAYG) Life Insurance-an innovative approach that aligns premium payments with…
Data Breaches – Theft of Sensitive Customer Data
Executive Summary This case study examines a data breach incident faced by a global e-commerce company, where sensitive customer data, including financial information, was compromised due to a cybersecurity vulnerability.…
Editorial IT July, 2025
June 28 is globally marked as Insurance Awareness Day-a timely reminder of the crucial role insurance plays in securing lives, assets, and futures. In India, however, the observance also highlights…