Supreme Court: Courts Have Sometimes Failed Arbitration, With Interference Curing No Disease  ||  Supreme Court: Co-Heir Cannot Sell Other Heirs' Shares as Karta After Intestate Succession  ||  SC: Casual Labourers With Temporary Status are Eligible For Pension Even Without Regularisation  ||  Supreme Court: High Courts Must Record the Nature of Crime and Allegations While Quashing FIRs  ||  Delhi HC Rejected Pernod Ricard’s Plea Against Denial of Wholesale Liquor License over Excise Case  ||  Gujarat HC: Lalita Kumari Ruling Does Not Permit Deceased’s Kin to Invoke Art 226 For FIR Failure  ||  Ker HC: Denying Disability Pension to Army Personnel Based on Unreasoned Medical Opinion is Invalid  ||  Kerala HC Directs Family Courts to Follow Calcutta HC Custody Guidelines Till State Rules Framed  ||  Allahabad HC Allows LIC Employees to Be Engaged as Census Enumerators and Supervisors For Duties  ||  Supreme Court Unveiled Victim Protection Plan For Trafficking Survivors and Urged Legal Reforms    

Advance Discharge Voucher- (Insurance Regulatory and Development Authority) (12 Jul 2016)

MANU/IRDA/0023/2016

Insurance

The Insurance Regulatory Authority of India tightened instructions for life insurers that issue advance discharge vouchers.

It now requires insurers to mention particulars of the policy, including amount of claim and deductions on the voucher. Insurers are not permitted to make the advance discharge voucher conditional for releasing the policy payment. Details of payments made must be maintained with the insurer.

In what is standard practice across the insurance industry, companies often call for an advance discharge voucher-cum-receipt signed by the policyholder – as life insurance contracts offer a fixed benefit. Policyholders, by attesting the same, accept insurer’s discharge of contractual obligations.

Tags : ADVANCE DISCHARGE   LIFE INSURANCE   PAYMENT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved