“Actuary” means an actuary possessing such qualifications as may be specified by the regulations made by the Authority “Authority” means the Insurance Regulatory and Development Authority established under sub-section (1) of section…
Unit linked guidelines were notified by IRDA on 21st December 2005. The main intent of the guidelines was to ensure that they lead to greater transparency and understanding of these…
1. Premium Allocation Charge: 1.1 This is a percentage of the premium appropriated towards charges from the premium received. The balance known as allocation rate constitutes that part of premium…
Terminology 1. Sum Assured: Sum assured is the guaranteed amount, net of permissible partial withdrawals (as per para 1.3.1 & 8.2), of the benefit that is payable on death of…
The Mumbai Suburban Consumer Redressal Forum ordered HDFC Ergo General Insurance Company Ltd to reimburse Rs 1.18 lakh at 9% interest to Dharamdas Pritiani, a heart patient who underwent a…
New India Assurance Company Limited v Kalpana and Others - Date Of Judgment: 17/01/2007 (Case No.: Appeal (civil) 255 of 2007Â - Bench: Dr. Arijit Pasayat & S.H. Kapadia Judgment:…
Usha Rajkhowa and others v M/s. Paramount Industries and others - Date of Judgment: 17/2/2009Case No.: Civil Appeal No. 1088 of 2009 -Â Bench: S.B. Sinha &Â V.S. Sirpurkar Judgment:…
Harijan Mangri Siddakka & others v Oriental Insurance Co. Ltd. & another   - Date of Judgment: 16/7/2008 Case No.: Civil Appeal No. 4437 of 2008 - Bench: Arijit Pasayat & Harjit…
Indirabai & Ors. Vs. Div. Manager, United Insurance Company Ltd. & Anr. Â O R D E R Leave granted. We have heard learned counsel for the parties. In…
Oriental Insurance Co. Ltd. v Ram Prasad Varma and others - Date of Judgment: 13/1/2009Case No.: Civil Appeal No. 106 Of 2009 - Bench: S.B. Sinha, Cyriac Joseph Judgment: [Arising Out Of…