February 2022

RampritPaswan purchased Super Cash Gain Insurance Policy from Bajaj Allianz Life Insurance. The policy was for the period October 13, 2012, to October 12, 2028, with a sum assured of…

An insurer cannot repudiate a claim by citing an existing medical condition that was disclosed by the insured in the proposal form, once the policy has been issued, the Supreme…

An arbitration award can be set aside only if the award is against the public policy of India, the Supreme Court has said. A bench of Justices M R Shah…

The ongoing pandemic seems to be far away from getting ended and it is high time that the individuals of our country realized the significance of having an optimum plan…

In order to ensure sound remuneration or compensation practices and avoid situations resulting from excessive risk taking behaviour due to inappropriate compensation structures or incentive plans and also taking into…

It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch offices, Corporate office, etc., for regulatory and other purposes. RBI,…

The beginning of the year 2022 marked with rise in Omicron variant which again effected the country badly. Luckily this variant was not deadly enough, though its infection rate was…

With 50 states and as many insurance regulators in the US, the existence of a Federal Insurance Office (FIO) almost sounds implausible. But thanks to climate change, an assertive US…

What is Operational Risk? Operational risk is the prospective loss because of inadequate or failed business processes, people, technology or any form of external event directly or indirectly impacting operations.…

Introduction Over the years with persistent Government’s efforts, the insurance penetration (premiums to GDP) in India has increased from 2.71% in FY01 to 5.20% in FY09 but thereafter the level…