July 2024

Case title: Ashok Kumar v. New India Assurance Co. Ltd. Summary The Supreme Court ruled in a car theft case that any policy condition violation should be considered a fundamental…

Kotak Mahindra Life Insurance Company has introduced an innovative protection plan, Kotak Gen2Gen Protect, designed to cover two generations within a single policy. This new plan offers an industry-first feature,…

Narayana Health Insurance (NHIL), a new venture by Narayana Health, on Monday (July 1) announced the launch of its first health insurance product, 'ADITI.' In India, there is a need…

The central government has directed all state administrations to link the health records of beneficiaries enrolled under different health schemes with the Ayushman Bharat Health Account (ABHA) ID in a…

In a move to empower policyholders and bolster inclusive health insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has announced major revamp of regulatory norms. The regulator has…

The Insurance Regulatory and Development Authority of India (IRDAI) issued a master circular on health insurance on May 29, 2024, listing 20 provisions. These norms, if properly implemented, will make…

Background: The issuance of IRDAI (Insurance Product) Regulations, 2024 and the de-notification of erstwhile tariffs, general terms and conditions; policy and endorsement wordings provide a unique opportunity to develop simplified…

Natural disasters caused a staggering global economic loss of US$270 billion last year, with insured losses reaching US$111 billion. These numbers reflect a troubling trend, as insured losses have been…

Introduction BI refers to a situation in which the normal business operations of a company are disrupted or halted due to unexpected circumstances beyond its control. When business operations are…

HISTORICAL MARITIME FRAUD DRILLING OIL RIG CENDOR MOPU, MARINE INSURANCE – INHERENT VICE- A BOON OR LOSS It is not uncommon for hull and cargo underwriters to reject claims by…