March 2023

About Mr. Satpathy Shri S N Satpathy had joined Insurance Institute of India as Secretary General on 19th September 2022 on deputation from Life Insurance Corporation of India. Prior to…

NarsinghIspat Ltd. v. Oriental Insurance Company Ltd. and Ors. Civil Appeal No. 10671 of 2016 Policy type- Standard Fire and Special Perils Policy The insured had taken a Standard Fire…

Haris Marine Products v. Export Credit Guarantee Corporation (ECGC) Limited Civil Appeal No. 4139/2020 Policy type- Single Buyer Exposure Policy The Supreme Court delved into the term business common sense…

Shivram Chandra Jagarnath Cold Storage and Ors. vs. New India Assurance Company Limited and Ors. I(2022) CPJ138 (SC) Policy type- Deterioration of Stock Policy In this case, the insurance claim…

United India Insurance Co. Ltd. v. Levis Strauss (India) Pvt. Ltd. Civil Appeal No. 2955 of 2022 Policy type- Standard Fire & Special Perils Policy, Stock Throughout Policy, All Risks…

As business operations seek to attain pre-pandemic levels of growth, insurance is one sector which could prove to be the pivot to sustainability. Recent judicial interpretation rendered by Supreme Court…

The insurance industry in India has witnessed significant growth in recent years, driven by increasing awareness and the growing need for financial protection. Further IRDAI has taken a new drive…

IRDAI has directed general and standalone health insurers to offer specific health cover for persons with disabilities (PWD) as well as those with HIV/AIDS and mental illness. IRDAI has advised…

Introduction: The outlook for the General Insurance Market seems very positive. The industry has picked up well post pandemic and it is expected that the growth trend will continue. The…

Much is written on Happiness. Does money lead to or buy happiness?  Google identifies over 400 million results when queried for “happiness.”This article will lead us all to towards an…