July 2021 - Insurance Times

Amongst the global headlines in the month of March of this year, references to the blockage of one of the busiest shipping lanes of the world by the container ship…

Abstract: Paper starts with definition of Fraud, the paper then explains what causes an individual to do Fraud. This was then explained in detail with the help of a case…

ABSTRACT: The success of a venture depends primarily on the soundness and viability of its business model. At times even sound and viable business models may fail, if they lack…

G.S.R. 337(E).—Whereas, certain draft rules, namely, the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021, were published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), dated…

Based on the Show Cause Notice (hereinafter referred to as “SCN”) (Reference No. IRDA/HLT/TPA-Grand TPA/010/Vol-II dated 16th March, 2021) issued in connection with Non Submission of Annual Returns for the…

1. Preliminary The insurance intermediaries engaged in solicitation and distribution of insurance products, viz., Insurance Brokers, Corporate Agents, Insurance Web Aggregators, Insurance Marketing Firms are required to take Professional Indemnity…

The wife will not be entitled to any legal share in the insured money, if her deceased husband did not contribute any premium, the Madras High Court has ruled. Justice…

Death Claim settlement is one of the most important responsibilities that an insurance company has to fulfil towards its policyholders and claimants. This service has assumed greater importance in the…

A day after a woman and her live-in partner were arrested for killing her nine-year-old daughter, police said the duo committed the murder for insurance money. They tried to make…

LIC is planning for an IPO and may be launched next year. The Chairman of LIC has been given extension till next year to oversee the process of successful launch…