Insurance Articles

The General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed by the Rajya Sabha on August 11. According to the government, the need arose to address such matters as (a)…

LIC's Bima Jyoti is a Non-Linked, Non-Participating, Individual, Savings Plan which offers an attractive combination of protection and savings. This plan provides financial support for the family in case of…

1. Attention is drawn to the Circular ref: “Reference rates for COVID-19 treatment” dated 20th June 2020 issued by General Insurance Council (GIC). 2. In case of “Cashless Claims” under…

Finance minister Nirmala Sitharaman  increased the foreign direct investment (FDI) limit in the insurance sector from the existing 49% to 74%. "I propose to amend the Insurance Act, 1938 to…

1. Preliminary Currently, the coverage for various risks against Fire and Allied perils is as per the Standard Fire and Special Perils (SFSP) policy provided for in the erstwhile All…

Abstract Over the past 30 years Bangladesh has made significant progress in developing its health indicators. Moreover, Bangladesh had successfully achieved most of the targets of Millennium Development Goals and…

1. INTRODUCTION: All the insurance companies have received over hundreds of claims for damage to property in the aftermath of cyclone 'Amphan', which left behind a trail of destruction in…

This is the first in the series of articles I plan to write on various Policy Conditions and Exclusions mainly in Property Policies as per the various Policy Wordings used…

Lockdown, following ‘COVID-19’ Pandemic has caused immense socio-economic impact in India. While everybody is affected by this, Business Interruption is one of the most significant issue, which has come-up in…

In the run up to the twenty first century the importance of health insurance has drastically increased manifold in view of Global Pandemic, COVID-19 the apprehension of people across the…