Insurance companies must compensate victims of motor accidents, even if the passengers were travelling illegally in a goods vehicle, Gujarat HC has ruled. The insurer can later recover the amount…
Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra…
Nirmala Devi vs Reliance Life Insurance Com Summary The National Consumer Disputes Redressal Commission (NCDRC) has ordered Reliance Life Insurance Company to reimburse the nominee of the deceased life assured…
Surjit Singh vs Punjab Gramin Bank and Anr. Summary The District Consumer Disputes Redressal Commission in Gurdaspur, Punjab, found Punjab Gramin Bank and Bajaj Allianz Life Insurance Company accountable for…
Rajat Kapoor v. Union of India & Anr. Summary The Delhi High Court has ruled that rules under the Central Motor Cars Rules, 1989 and the Motor Vehicles Act, 1988…
The Insurance Regulatory and Development Authority of India (IRDAI) has taken up a comprehensive review of the regulatory framework for the insurance sector, to facilitate a favourable environment for ease…
A. This Master Circular is issued under Section 34 of the Insurance Act, 1938, Section 14 (2) (i) of the IRDA Act 1999 and i. Insurance Regulatory and Development Authority…
As the government explores ways to achieve its goal of halving road accident fatalities by 2030, an emerging solution is the use of artificial intelligence (AI) technology for effective monitoring…
1. How has the insurance sector in Nepal evolved over the past decade? What are the most significant changes you have observed? The insurance sector in Nepal has really come…
The IRDAI has recently revised its guidelines regarding commissions on long-term motor insurance. This move aims to streamline the commission structures, ensuring greater transparency and fairness in the distribution of…