October 2019

Insurance Sector, basically health as well as automobile sectors has much potential for covering more than 50% of total Insurance portfolio in the country. Other sectors like Travel / logistics…

To spend a stress-free retired life, buying a retirement plan should be on the priority list. A retirement plan not only takes care of the financial expenses in the post-retirement…

The Supreme Court by its judgment has absolved insurance companies of the burden to follow up an inadequate disclosure of material facts by the Insured. The Court held that it…

In Alka Shukla V Life Insurance Corporation of India, the Supreme Court comprising Justice D.Y. Chandrachud and Justice Hemant Gupta found that there was no evidence to show that any…

1. The Government of India is focusing on Intelligent Traffic Management System in the Metropolitan and Smart Cities. In view of this, the Automated Traffic Enforcement and violations of Motor…

In New India Assurance Company Limited v. Rajeshwar Sharma and Others case, the Insured claimed that his business of sanitary wares suffered damages on account of illegal demolition by the…

1. As you are aware, the recent floods have caused immense loss to property in the state of Kerala. There is an urgent need for the insurance industry to take…

1. The Authority had revised the Guidelines on Trade Credit Insurance on 10th March, 2016 vide Circular Ref: IRDAI/NL/CIR/CRE/044/03/2016, considering the changes in economy and the enhanced need for trade…

Today, cyber risk is a top agenda item at the board level. With the cyber risk landscape id changing fast and attacks becoming more frequent, severe and systemic, the primary…

Cyber attacks not only results in huge financial losses to companies that are left devastated by slowdowns or shutdowns in normal operations, but also expose them to diverse risks of…