Calcutta HC: Demolition Orders Cannot be Challenged under Article 226 if a Statutory Appeal Exists  ||  Kerala High Court: Disability Pension is Payable to Voluntary Dischargee For Service-Related Illness  ||  Calcutta High Court: Partition Decree is Executable Only After Stamp Duty Payment  ||  Calcutta HC: Contempt Court Cannot Grant New Relief Beyond Original Order Once Compliance is Met  ||  Kerala High Court: Intentional Judicial Decisions Cannot be Altered as Clerical Errors under CPC  ||  Supreme Court: Delay In Filing Appeals under Section 74 of 2013 Land Acquisition Act is Condonable  ||  SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions  ||  SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute  ||  SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending  ||  SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved    

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