2023 – Insurance Times

Haris Marine Products Vs Export Credit Guarantee Corporation (ECGC) Limited (Supreme Court)  An interesting issue arose in this case when three judges bench of Supreme Court was called upon to…

ETAP, an African insurtech company, has launched ETAP Takaful, a new ethical car insurance product based on Islamic principles. Unlike conventional insurance, ETAP Takaful is designed to redistribute funds to…

IRDAI has introduced direct plans in insurance from April 1, 2023. The insurance regulator has asked insurance companies - life, non-life and standalone health insurers to devise a board approved…

ACKO General Insurance launched "Extended Battery Warranty" plan, targeting electric vehicle (EV) owners. The policy is designed to boost EV affordability by enabling banks to lengthen loan terms and reduce…

SBI General Insurance, launched a fully customizable digital-only health product 'Health Edge Insurance'. The policy offers a single comprehensive plan with 9 basic indemnity covers and 18 optional covers, allowing…

The ultimate objective of the Insurance practice is to indemnify the insured/business at the time of happening of any uncertain event. The experience of consumers in claim settlement should be…

IRDAI has issued license to new companies Acko Life Insurance Ltd. and  Credit Access Life Insurance Ltd. With these two additions, the total number of  life insurers operating in India…

Sri. Benson George vs. Reliance General Insurance Co. Ltd Civil Appeal No. 1540 of 2022 Policy type- Third Party Insurance The Supreme Court examined its previous decisions in Raj Kumar…

Manmohan Nanda vs. United India Assurance Co. Ltd. and Ors. I(2022)CPJ20(SC) Policy type- Overseas Mediclaim Policy-B The Supreme Court while allowing an insurance claim of the insured under a mediclaim…

Jaina Construction Company vs. The Oriental Insurance Company Limited and Ors. I(2022)CPJ119(SC) Policy type- Motor Insurance Policy The insurer repudiated the insured’s claim in toto on the ground that there…