March 2023 - Insurance Times

For Taxpayers including Businessmen No tax for salary up to Rs 7.5 lacs under the New Tax regime. Standard Deduction of Rs 50000 available and rebate limit increased to Rs…

What is IoT ? The Internet of Things (IoT) refers to the growing network of physical devices, appliances, vehicles, and other objects embedded with electronics, software, sensors, and connectivity which…

Much is written on Happiness. Does money lead to or buy happiness?  Google identifies over 400 million results when queried for “happiness.”This article will lead us all to towards an…

Introduction: The outlook for the General Insurance Market seems very positive. The industry has picked up well post pandemic and it is expected that the growth trend will continue. The…

IRDAI has directed general and standalone health insurers to offer specific health cover for persons with disabilities (PWD) as well as those with HIV/AIDS and mental illness. IRDAI has advised…

The insurance industry in India has witnessed significant growth in recent years, driven by increasing awareness and the growing need for financial protection. Further IRDAI has taken a new drive…

As business operations seek to attain pre-pandemic levels of growth, insurance is one sector which could prove to be the pivot to sustainability. Recent judicial interpretation rendered by Supreme Court…

United India Insurance Co. Ltd. v. Levis Strauss (India) Pvt. Ltd. Civil Appeal No. 2955 of 2022 Policy type- Standard Fire & Special Perils Policy, Stock Throughout Policy, All Risks…

Shivram Chandra Jagarnath Cold Storage and Ors. vs. New India Assurance Company Limited and Ors. I(2022) CPJ138 (SC) Policy type- Deterioration of Stock Policy In this case, the insurance claim…

Haris Marine Products v. Export Credit Guarantee Corporation (ECGC) Limited Civil Appeal No. 4139/2020 Policy type- Single Buyer Exposure Policy The Supreme Court delved into the term business common sense…