Insurance Concepts: General Insurance

The objective of the principle is to place the insured, as far as possible, in the same financial position after a loss, as that occupied by him, immediately before the…

In insurance contracts, the legal doctrine of utmost good faith applies. The insured has the duty to disclose all material facts, which have a bearing on the insurance. A breach…

As per recent reports, nearly 7.5% of India’s population is presently aged 60 years and above. Less than 1% of these would be covered under any kind of health insurance…

The basic principles that govern Fire Insurance are: Utmost good faith - In insurance contracts, the legal doctrine of utmost good faith applies. The insured has the duty to disclose…

The practice of motor insurance is influenced, to a large extent, by the Motor Vehicle Act, 1939. This Act makes provision for various matters relating to the use, maintenance and…

Motor insurance policies cover against any loss or damage caused to the vehicle or its accessories due to the following natural and manmade calamities.

Recently an incident was reported in media wherein a lady who was allegedly under the influence of alcohol banged her car into traffic policeman, as well as a biker whom…

With healthcare costs in India increasing at an exorbitant rate every year, it becomes mandatory to have a health insurance policy. However, most people usually take a health cover of…

As medical expenditures are sky rocketing with every passing year, medical insurance is fast becoming a must for every household. As the need for healthcare insurance is becoming evident, almost…

The India Motor Tariffs, as amended in July 2002 provided for two types of Policy forms.  These were: