Policyholder fined Rs.5000 for seeking wrong claim
Ganesh Anand Bhat, the proprietor of Shree Ganesh Agencies, owned two adjacent shops at Mulund. He had taken a shopkeeper's insurance policy from New India Assurance which covered only one…
Late plea of coercion not acceptable
In another judgment involving the appointment of an arbitrator, the Supreme Court emphasized that a mere plea of fraud, coercion or undue influence by one party is not enough to…
Court upholds rejection of false claims
The claim of an infrastructure company that sought compensation from its insurer alleging damage to roads because of excessive rainfall was rejected as meteorological data showed that there was little…
Willful non-disclosure of medical history is fraud: SC
In a recent judgment, the Supreme Court said that failure on the part of a person to reveal his past history of disease is valid ground for repudiation of his…
‘Dead man’ bought life insurance policy
Did a dead man walk into an insurance office to obtain a life insurance policy? Or did his widow project the dead man as alive to get the policy? The…
Crop Insurance: A Harvest of Woes
A patriot must always be prepared to defend his country against his own government, goes an old saying. The farmers of Gujarat find themselves in precisely such a predicament. First,…
Panel favours cryptocurrency ban in India
An inter-ministerial committee set up by the government on virtual currencies has proposed banning of private cryptocurrencies in India by enacting a law and imposing fines and penalties for carrying…
Delhi HC asks Air Chartered Services, United India Insurance Co. to pay compensation of Rs 50 lakhs
A single-judge bench comprising Justice Suresh Kumar Kait directed Air Chartered Services Pvt Ltd and United India Insurance Company to pay a compensation amounting Rs 50 lakhs in a common…
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…
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…