The Ministry directed insurers that “directions may please be complied without any exception”. “A compliance report to this Ministry may be submitted latest by June
Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
Motor Insurance: Now get higher compensation for third-party motor claims–Economic Times–24.05.2018
The government has amended the compensation amount payable for third-party fatal accidents and injury claims. According to the amendment made in Motor Vehicle Act, 1988
Tata Steel’s takeover of Bhushan Steel: IBC’s ‘operational’ test case | Business Standard News–23.05.2018
A series of tweets from Piyush Goyal, the officiating minister in the ministry of finance, on Friday set the tone of government narrative on the
IBC 2016–The mantra remains maximising value–Economic Times–21.05.2018
Tata Steel has reportedly prevailed in the bidding for Bhushan Steel that was being resolved under the Insolvency and Bankruptcy Code, acquiring a 73% stake.
NCLT has a crucial role to play, but does it have enough capacity for it? | Business Standard Column–14.05.2018
The adjudicating authority for insolvency resolution under the Insolvency and Bankruptcy Code is the National Company Law Tribunal or NCLT. Since the Code’s enactment in 2016, not a day passes without a piece
Is buying travel insurance online a good idea? – The Economic Times–01.05.2018
Travel Insurance is an important part of any travel. Insurance providers like ICICI Lombard, Tata Aig, and Bajaj Allianz, offer a multitude of benefits under
With an eye on polls, Centre plans mass campaign for flagship insurance schemes – Business Line–30.04.2018
Ahead of the General Elections next year, the government is likely to come out with a large-scale campaign for its mass financial inclusion schemes for
Travel insurance: A safety net while you fly – Business Line–30.04.2018
Worried about flight delay, baggage loss or medical emergency? Make sure you pack a travel insurance along with your baggage. A look at the options
Personal Accident cover: your safety net to future | Deccan Herald–20.04.2018
Around 55 road accidents occur every hour, India leads in the number of deaths due to accident with around 5 lakh accidents in 2016 as
Motor insurance: Why 3rd party cover is not enough for your car – The Financial Express–18.04.2018
From this month, the mandatory third-party premium for cars with engine capacity of less than 1,000 cc has been reduce from Rs 2,055 to Rs
Ayushman Bharat – A healthy step – Business Line–12.04.2018
But the implementation of the Centre’s ambitious scheme may be more challenging than GST or Aadhaar A nation’s development and growth is gauged by the
Liability of the Insurer if policy is cancelled before the accident took place –Whether insurer liable?–Held, “no”–Source–Manupatra–case decided by Supreme Court in 2007
Constitution of India – Article 142–Motor Vehicles Act, 1988–Sections 147, 149, 166 and 168–Insurance Act, 1938–Section 64VB–Compensation–Liability of insurer–Premium paid by cheque–But cheque dishonoured–Insurance policy
Whether Insurance Company, was absolved of its obligations to third party because cheque given got dishonoured –Source Manupatra–decided by Supreme Court on 17.04.2012
Held, Section 64VB of Insurance Act provided that no risk was assumed by insurer unless premium payable was received in advance – Where policy of
India’s insurance industry has turned a blind eye towards people with disabilities–The Print In–28.03.2018
Upholding the right to health insurance last month, the Delhi HC removed ‘genetic conditions’ from the list of exemptions followed by insurance firms. On 9
ayushman bharat: New national scheme can boost health cover penetration to 50% – The Economic Times–23.03.2018
The just-announced National Health Protection Scheme that seeks to offer health cover to 11 crore poor families, can boost health insurance penetration to over 50
Reality check for health insurers–Deccan Herald–15.03.2018
The Delhi High Court’s recent ruling that insurance companies cannot deny health insurance to those with genetic disorders is important because it removes a widely
From ground rent at ports to arbitration, here are the key court orders | Business Standard Column–13.03.2018
Redemption of mortgage only before sale The Supreme Court ruled last week that a mortgage can be redeemed before the date fixed for sale or
Third party insurance for car: Here is why you should worry if you don’t have comprehensive policy – The Financial Express–04.03.2018
Third Party Motor Insurance helps in meeting the financial expenses towards the medical treatment of the third party or meeting the third party vehicle repair
IRDA: Empirical tests should decide health cover: HC – The Economic Times–04.03.2018
By Dhirendra Kumar Those who keep an eye on insurance-related news would recently have noticed headlines about the Delhi High Court striking down health insurers’
[Health Insurance] Right to care | The Indian Express–02.03.2018
Most health insurance policies in India have a clause that excludes “genetic disorders” as grounds for mediclaim reimbursement. On Monday, the Delhi High Court ruled
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