Insurance

The provisions relating to transfer of shares of insurance companies are governed by section 6A of the Insurance Act, 1938 read with IRDAI (Transfer of Equity Shares of Insurance Companies)…

As mandated by IRDAI, all the 30 general and health insurers that offer indemnity based health insurance, have started offering Individual Covid-specific Standard Health Policy called “Corona Kavach ''.  As…

1. As you are aware, the recent floods (Oct 2020) have caused immense loss to property in parts of Telangana, Andhra Pradesh and neighboring States. General Insurers may have issued…

One in every three policies is sold to a woman in India, reveals a recent State Bank of India Ecowrap report. But according to PolicyBazaar, the trend witnessed on its…

Introduction: The general insurance industry in India is on a promising ascent. With a growing population and rising disposable incomes, the demand for insurance products and services is only expected…

SS ARMISTAN: BILL OF LADING, AGREEMENT, LIBEL OR AN ESTOPPLE? A bill of lading (BL or BoL) is a legal document issued by a carrier (transportation company) to a shipper…

Reliance Nippon Life Insurance Co. Ltd. vs Gharohari Devi Summary The State Consumer Disputes Redressal Commission in Bihar dismissed an appeal by Reliance Nippon Life Insurance Company, claiming the policyholder…

The Covid 19 impact is not over yet and no relief is expected soon. The process of vaccine approval, manufacturing and reaching to the ultimate beneficiary will also take time.…

The General Insurance market got detariffed during 2007 and Post de-tariffing of market the general insurers in India have free market approach to price their products except for motor third…

The Supreme Court has directed an insurance company to pay Rs. 1 crore to the mother of a youth who died while sightseeing in a glider in Canada. The youth…