Master Circular on Submission of Returns
A. This Master Circular is issued under Section 34 of the Insurance Act, 1938, Section 14 (2) (i) of the IRDA Act 1999 and i. Insurance Regulatory and Development Authority…
One-Stop Reference for Submission of All Regulatory Returns
The Insurance Regulatory and Development Authority of India (IRDAI) has taken up a comprehensive review of the regulatory framework for the insurance sector, to facilitate a favourable environment for ease…
Electric Vehicles Need Helmets, Insurance & Registration: Delhi High Court
Rajat Kapoor v. Union of India & Anr. Summary The Delhi High Court has ruled that rules under the Central Motor Cars Rules, 1989 and the Motor Vehicles Act, 1988…
Bank and Insurance Company Held Liable for Misplaced Cheque
Surjit Singh vs Punjab Gramin Bank and Anr. Summary The District Consumer Disputes Redressal Commission in Gurdaspur, Punjab, found Punjab Gramin Bank and Bajaj Allianz Life Insurance Company accountable for…
NCDRC Orders Reliance Life Insurance Company To Pay Rs 1 Crore And 50k Litigation Costs.
Nirmala Devi vs Reliance Life Insurance Com Summary The National Consumer Disputes Redressal Commission (NCDRC) has ordered Reliance Life Insurance Company to reimburse the nominee of the deceased life assured…
Zurich Insurance to increase India staff
Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra…
Goods Vehicle Insurers Liable for Passenger Accident Claims
Insurance companies must compensate victims of motor accidents, even if the passengers were travelling illegally in a goods vehicle, Gujarat HC has ruled. The insurer can later recover the amount…
Insurance for all in Ayushman seniors’ family in Government plans
The Centre is exploring a dozen different models to extend the benefits of its marquee free healthcare insurance scheme-Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)-to senior citizens, according…
Future Generali India Insurance launched Disability Income Protection insurance Plan
In a first of its kind initiative, Future Generali India Insurance (FGII) has launched Disability Income Protection insurance to provide financial security to its customers in the event of a…
Woman ‘dies’ twice as hubby son claim Rs. 1.1 crore insurance
In an insurance fraud involving Rs 1.1 crore in claims of which close to Rs 70 lakh was already received, a 45-year-old woman from Bhayander, Kanchan Pai, also known as…