Insurance

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…

This is to bring your kind attention to the Regulation 5 of IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd’s) (First Amendment) Regulations, 2016 dated…

When I heard that the Finance Minister, Arun Jaitley, had announced Rs. 5 lakh cover to 10 crore families, translating to 50 crore people, I thought he had mistakenly added…

The Supreme Court has ruled that if the owner of the vehicle did not bother to change the ownership in registration records, he would be liable for compensation claims arising…

1. How do you perceive the current market scenario for the insurance industry in India? What are the growth opportunities and potential challenges? The insurance industry in India is looking…

The Election fever has already set in India and the results will be declared on 23rd May, 2019. Due to the election , the merger of 3 PSU companies has…

The Authority, vide order No. IRDA/F&A/ORD/MISC/151/09/2018 dated 18th September, 2018, had constituted a committee on Regulatory Sandbox in insurance space in India under the Chairmanship of Mr. Randip Singh Jagpal,…

Life insurance companies won three cases in the Supreme Court last week as it upheld the rejection of claims on various grounds. In its judgment in one of these three…

Ganesh Anand Bhat, the proprietor of Shree Ganesh Agencies, owned two adjacent shops at Mulund. He had taken a shopkeeper's insurance policy from New India Assurance which covered only one…

The Supreme Court by its judgment has absolved insurance companies of the burden to follow up an inadequate disclosure of material facts by the Insured. The Court held that it…