Appointment of Surveyor does not imply acceptance of claim
If the insurance claim is made late, it can be rejected even if the insurance company had appointed a surveyor to assess the damage, according to the Supreme Court. The…
Motor Accident claim in case of fake driving license
The Supreme Court emphasised that if the owner of a motor vehicle knowingly appoints a driver with a fake license, the insurance company will not be liable to pay compensation…
If insurer repudiates the claim, the dispute cannot be referred to arbitration
The dispute arose when there was a serious accident during the construction of a bridge over the Chambal River. The insurer repudiated the claim of the contracting company based on…
Issue of negligence cannot be raised under section 163A of Motor Vehicles Act
The Supreme Court has underlined that an insurance company cannot raise the issue of negligence by a road accident victim when Section 163A of the Motor Vehicles Act is invoked.…
Steel almirah cannot be regarded as Locked Safe – National Consumer Commission
Jewellers who keep their precious wares in steel almirahs will lose their insurance cover if the items are not kept in a safe with complex locking system. If there is…
United India Insurance posts Rs. 1,003-crore profit in FY 18
Public sector general insurer United India Insurance Company (UIIC) has reported a profit after tax of Rs. 1,003 crore for the year 2017-18, compared with a loss of Rs. 1,914 crore in…
Accident victim’s kin get 23 lakh
The family of a 73-year-old man, who died in a road accident involving a rashly-driven mini bus, has been awarded a compensation of Rs 23 lakh by a Motor Accident…
MACT allows compensation to victim’s parent
The MACT has awarded Rs.12.93 lakh as compensation to the parents of a 20 year old boy who died in a road accident. MACT presiding officer S.S.Malhotra directed Bajaj Allianz…
PIL in High Court for mandatory health check before issuing insurance policy
A PIL has been filed in Delhi High Court, seeking guidelines for mandatory medical check-up before issuing life and health insurance policies. High Court has issued notice to the Ministry…
Insurers can’t reject an insurance claim on grounds of delay
Insurers can't reject an insurance claim on grounds of delay alone. On 4 October, the Supreme Court ruled in favour of a truck owner whose truck was stolen in 2010.…