Motor Insurance is a contract of Indemnity.” Discuss
The principle  of indemnity requires that when a loss arises  under an insurance policy, the loss must be made good in such a manner that financially the insured is neither…
National Insurance to pay Rs 15L to girl
A girl, who lost her father in a road accident when she was nine years old, was awarded compensation by the Thane Motor Accident Claims Tribunal after 12 years of…
Motor Claims Tribunal awards 50 lakh compensation to road accident victim
A Motor Accident Claims Tribunal has awarded a total compensation of nearly Rs 50 lakhs to the families of two youths who died early this year in a road mishap…
MACT orders HDFC ERGO General Insurance to pay Rs.24.60 lakh as compensation
The parents of a 38-year-old woman, who was killed in a road mishap, have been awarded Rs 24.60 lakhs as compensation by a motor accident claims tribunal.
Consumer Disputes Redressal forum directs Oriental Insurance to pay for deficiency in insurance claim payment
Oriental Insurance Co Ltd has been directed by a consumer forum here to pay Rs 60,000 over a claim to a policy holder for not fully reimbursing the medical expenses…
Application of principle of Utmost Good Faith in Motor Insurance.
In insurance contracts, the legal doctrine of utmost good faith applies. This casts on the insured the duty to disclose all material facts that have a bearing on the insurance.…
Insurance News: Widow wins insurance claim despite getting job : Bombay High Court
Granting respite to a woman whose husband was killed in a mishap, the Nagpur bench of Bombay High Court (HC) has ruled that she was entitled to full compensation from…
Insurance News: HMT to pay Rs. 33.8 mn damages to LIC: Reports
According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010
Aviva Life Insurance to pay Rs 13L on claim
A Delhi district consumer forum has directed Aviva Life Insurance Company Pvt Ltd to pay Rs 13.5 lakh to a late policy holder's sister for rejecting her claim for the…
Motor Insurance: CRPF employee awarded Rs 6.11 lakh as compensation
A CRPF employee, who suffered 54 per cent permanent disability in a road mishap here, has been awarded over Rs six lakhs as compensation by a Motor Accidents Claims Tribunal…