The Madras High Court has recently held that when a claim is presented under the Motor Vehicles Act, the insurance company is liable to pay compensation even when the driver…
Remarking that courts should take a liberal view in awarding compensation to victims who are left 100% disabled and also suffer mental disabilities after road accidents, the Supreme Court extended…
In a significant decision, the Supreme Court has ordered use of Motor Accident Claims parameters, such as age of the victim and future earning capacity, to compute compensation to be…
State-owned insurance behemoth Life Insurance Corp. of India on Sunday evening filed draft papers for the most-anticipated public share sale in memory, the biggest ever to hit the Indian stock…
With the increase in the number of vehicles on the roads, the number of accidents and fatalities are on the rise. To reduce the incidents of traffic violations that often…
One in every three policies is sold to a woman in India, reveals a recent State Bank of India Ecowrap report. But according to PolicyBazaar, the trend witnessed on its…
Mr. Debasish Panda has been quite proactive since joining as Chairman IRDAI. He has outlined sleuths of measures for second phase of reforms in the Insurance Industry in India. Some…
The Indian insurance industry faces multiple challenges today. One of them is the issues involved in moving from a tariff to a detariff market. The last experience, when marine insurance…
The advent of the industrial revolution has brought about the social impact of accidents in manufacturing plants. With the evolution of sophisticated manufacturing product lines and use of hazardous chemicals,…
Water has always been considered to be an essential element sustaining life. But water in excess can prove to be a destructive force. Where on one hand it plays havoc…