Car insurance scam busted, duo nabbed
The Ulhasnagar crime branch has arrested two people for running a fake vehicle insurance racket and cheating people who did not have the time to stand in queue to get…
Forum slaps Rs 24 lakh fine on insurance firm
Refusal to honour a claim has cost an insurance company dear, with the Maharashtra State Consumer forum slapping a hefty fine of Rs 24.3 lakh over and above the claim…
Jald Rahat Yojana is an unique Pre-litigation Scheme for settlement of Third Party Motor Insurance Claim
Nature of Jald Rahat Yojana - The Jald Rahat Yojana came into with effect from 14 th March. 1992. This is a Pre-litigation Scheme for settlement of Third Party Motor…
Explain the concept of Lok Adalat. Advantages of Lok Adalat Settlements from the viewpoint of insurance companies?
For the purpose of bringing about voluntary settlement of disputes Hon'ble Shri P.N.Bhagwati, the ex-Chief Justice of the Supreme Court, conceived a unique concept of Lok Adalat or Lok Nyayalaya.Â
Concept of Liability without Fault in motor insurance? How Motor Vehicle Act deals with without fault liability?
Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault. The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or…
Hit and Run Accident provisions in Motor Insurance
Hit and Run Accident is a motor accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable…
Insurance companies lingering on settling claims: Consumer forum
Insurance companies are lingering on settlement of claims and using the money legally entitled to the insured for as long as they can, amounting to unfair trade practices, a consumer…
Necessity of third party insurance? Who are exempted from it
Section 146 of the Motor Vehicles Act, 1988 provides that no person shall use ( except as a passenger), or allow any other person to use, a motor vehicle in…
Rights of third parties against insurers on insolvency of the insured
Sec 150 of Motor Vehicle Act, 1988 provides for the rights of Third parties in the event of the insolvency of the insured or in the event of winding up…
National Insurance Co, driver to pay Rs 16 lakh compensation for mishap: Motor Accident Claims Tribunal
The Motor Accident Claims Tribunal has awarded a compensation of Rs 16.27 lakhs to the wife and four children of a police head constable, who was killed in a road…