The Kerala High Court has set aside an order passed by an Insurance Court on the ground that the procedure adopted by the court is violative of Section 75(2B) of…
The Supreme Court accepted the recommendation of the court appointed committee on road safety to increase the minimum compensation for death in a hit-and-run case from the existing Rs 25,000…
Abrol Engineering had taken a policy of Rs 40 lakh from New India Assurance to cover a CNC machine made by DMG Deckel Maho Gildemister. During the tenure of the…
Oswal Plastic Industries had taken a fire and special perils policy from New India Assurance to cover its industrial establishment. The policy was issued on June 27, 2009. The sum…
Shreem Capacitors was in the business of manufacturing capacitors and supplying these to various state electricity boards, government undertakings, and railways. The company obtained a 220 KVA sub-station from Maharashtra…
LIC has been found guilty of deficiency in service by keeping the money of a consumer for five years without issuing a policy. In this case, Madhav Hari vs LIC,…
Premjeet Sharma had taken an ‘Easy Health Insurance Policy’ from Apollo Munich Health Insurance for his parents. The policy, which commenced from December 12, 2010, was renewed regularly. A premium…
The Supreme Court has asked all states and Union territories to frame a policy to strictly enforce a law that requires immediate confiscation and eventual sale of vehicles after an…
Deepak Rajmal Kothari had taken Life Insurance Corporation of India’s (LIC’s) Jeevan Saral Policy (with profits) from its Udhna Branch. It stipulated the maturity sum assured as Rs. 2.5 million,…
The Supreme Court reiterated the principle of “pay and recover” in road accident cases. According to this rule, if the driver of the offending vehicle has no license or there…