Charter parties are crucial legal contracts in the realm of international shipping. These agreements define the rights and responsibilities of both shipowners and charterers, ensuring smooth operations during voyages. Drafting…
The advent of open insurance ecosystems has become a pivotal point of discussion, marking a transformative juncture in the industry's landscape. These dynamic ecosystems signify a departure from conventional frameworks,…
Insurance Sector is in the news now-a-days. With the passing of the new Insurance Bill 2015 by the Parliament recently, the FDI limit has been increased to 49% from the…
The landscape of insurance is evolving, with both policyholders and insurers playing pivotal roles. As we delve into the intricacies of this dynamic relationship, it becomes evident that understanding customer…
Under "Protection of Policyholder Interest Regulation,2024", e-Insurance Account ( EIA) will be opened for all new policyholders and digital policy record will be kept with Repository like CAMS, NSDL, Karvy…
Introduction Life Insurance Corporation of India or LIC has launched a new individual, savings and whole life insurance plan. The scheme is an unaffiliated, non-participating scheme. It is a…
The Supreme Court on Monday (20.11.2023) reiterated that an insured cannot claim anything more than what is covered by the insurance policy. The Court also said the terms of an…
Bajaj Allianz Life Insurance has introduced a variation of its participating savings plan, providing customers with a stream of increasing income while also protecting against the impact of rising inflation.…
NivaBupa Health Insurance Company Limited (Formerly known as Max Bupa Health Insurance Company Limited) – one of India’s leading standalone health insurers, has introduced its latest product, Aspire focusing on…
Reliance General Insurance Company introduced “Reliance Health Global", a healthcare policy aimed at providing Indians with access to global healthcare. This policy offers comprehensive coverage not only within India but…