The 1988 Act requires issue of a Certificate of Insurance by the insurers as proof of Third party insurance to satisfy the requirements of Chapter XI of the Act. The…
A sacked divisional manager of a state insurance firm and three others have been sentenced to varying jail terms for clearing bogus insurance claim and duping the firm of Rs…
The LIC of India has been pulled up by the apex consumer commission for its failure to issue the policy to a woman in her life time despite receiving the…
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…
The Bombay High Court suggested the Insurance Regulation and Development Authority (IRDA) to set up an ombudsman to address insurance-related grievances of consumers. The suggestion was made by a division bench…
The kin of a woman, who died in a road accident during a pilgrimage, have been given damages of over Rs seven lakh by a Motor Accident Claims Tribunal which…
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…
Oriental Insurance Company Ltd has been asked by the Delhi State Consumer Commission to pay Rs 11.63 lakh to the owner of Liberty Cinema hall here as balance of reimbursement…
A 40-year-old man, who suffered 90 per cent permanent disability in a road mishap involving a rashly-driven car, has been awarded a compensation of Rs 36.98 lakhs by a Motor…
Oriental Insurance Company has been directed by a Motor Accident Claims Tribunal (MACT) to pay a compensation of about Rs.2 crore to the families of two victims who died in…