Immediate Response The Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurance companies to quickly survey and disburse claims to victims of the Wayanad floods in Kerala.…
The Supreme Court reiterated the principle of "pay and recover" in road accident cases. According to this rule, if the driver of the offending vehicle has no license or there…
The Supreme Court has underlined that an insurance company cannot raise the issue of negligence by a road accident victim when Section 163A of the Motor Vehicles Act is invoked.…
1. Some General and Health Insurance Companies have proposed payment of claims in installments in respect of Personal Accident Policies and Benefit Based Health Policies as against lump sum payments.…
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…
Families of people dying in road accidents will now get a compensation of Rs. 5 lakh, according to a gazette notification. Accident victims will get a minimum of Rs. 25,000…
The recent Supreme Court ruling permitting a 'living will' that specifies that a person should be taken off life support if he or she slips into a vegetative state or…
As you are aware, the recent cyclone Fani has caused immense loss to property in the state of Odisha and also in neighboring states. There has been loss to some…
1. As you are aware, the recent floods have caused immense loss to property in the state of Karnataka. There is an urgent need for the insurance industry to take…
Whereas, in relation to the classes of claims mentioned in the Schedule hereto annexed, the Authority is satisfied that it is customary to entrust the work of survey or loss…