DEDUCTION OF DEPRECIATION – A DECEPTION
The contract of insurance, unlike other civil contracts, is the contract of Indemnity, whereby in consideration of the premium, the insurer expressly undertakes and promises to pay or make good…
Impact of Healthcare Acquired Infections on Length of Stay and Treatment costs
Abstract Healthcare-associated infections (HCAI) are infections that patients acquire during the course of receiving treatment for other conditions within a healthcare setting. HCAI are preventable complications occurring with varying but…
Everything You Wanted to Know About Liability Insurance
Liability Civil Under Common Law: A body of law consisting of past court decisions and customs and usages recognized by courts. Liability Contingent: Liability for damages arising out of the…
Emerging Global Scenario Of Cyber Risks (RE)Insurances
A. Introduction: ‘CYBER’ is a term derived from ‘CYBERNETICS’ which means comparative study of automatic communications and control of functions of living bodies and in mechanical electronic systems such as…
Cyber risks and How can an effective Cyber Insurance can be explored for mitigate risks
Cyber risk Risks associated by the use of Information Technology systems that affects the confidentiality, availability or integrity of information and Information system caused by criminal as well as non-criminal…
Overhaul of Motor Own Damage Insurance Policies
1. While pricing of the Motor Own Damage segment was de-tariffed in 2007, the basic product structure including the terms and conditions, continues to be governed by the General Regulations…
IRDAI Upholds Insurer’s Decision in Marine Cargo Claim
This Order under Section 64UM(6) of Insurance Act,1938, is being issued in compliance to the Order dated 03.01.2018 of Securities Appellate Tribunal (SAT) Mumbai, in Appeal No. 2 of 2017,…
Titanium Plus: Your Path to Financial Freedom
Titanium Plus Plan is a unit linked investment cum protection plan which can be customized as per your goals and changing requirements. This plan provides you unmatched flexibility while letting…
Protect Your Crops with PMFBY
The Pradhan Mantri Fasal Bima Yojna (PMFBY) was introduced on 14th January 2016, in a move aimed at reducing agricultural distress and farmer's welfare without having to affect hefty hikes…
Insurance Claim Rejected: Delayed Intimation Leads to Loss
Complaint Ref. No. AHD-G-051-1718-0200 Mr. Rajesh K. Parmar V/s Oriental Insurance Co. Ltd. The Complainant’s Scooter was stolen on 10.05.2016 when it was parked near his shop at Kamal Complex,…