September 2018 - Insurance Times

Kerala experienced the unprecedented flood and disaster in recent months. There was huge loss of life and property. Massive rescue operations were carried out by Military, NDRF and wings of…

Fire insurance policy is suitable for you if you own a property or for someone who holds property in trust or in commission; or you are an individual or a…

Tata AIA Life Insurance, has launched its Guaranteed Monthly Income Plan, a non-linked, non-participating life insurance plan which offers guaranteed tax free2 monthly income for the longest duration of 24…

On examination of the data on Unclaimed Annuity amount lying with the Life Insurers, it is observed that most of the amounts under unclaimed accumulated/vested amounts for purchasing annuity are…

1. As you are aware, the recent floods have caused immense loss to life and property in certain districts of Karnataka State, including Kodagu. There is an urgent need for…

Mr. Subhash, the complainant has stated that his motorcycle was stolen on 03.11.2015 and though he had submitted all the required documents to the insurer, his claim was repudiated by…

1. Attention is drawn to the Chapter II Licensing Procedure Reg. 3 and Reg. 4 of IRDAI (Insurance surveyors and Loss Assessors Regulations), 2015 which includes "fit & proper criteria…

Mr. Umesh Guglani, the complainant has stated in his complaint that his car was stolen on 24.12.2016. He had submitted all the required documents to the insurer but his claim…

Both to Blame Collision Clause is appearing in the Clause 3 of Institute Cargo Clauses which provides that “This insurance is extended to indemnify the Assured against such proportion of…

Disputes between contracting parties do come up in commercial world in terms of interpretations of words, clauses, duties, obligations, etc. particularly when one of the contracting parties gets affected financially…