SC: CIRP Can Continue Despite Fraudulent Insolvency Plea That Triggered It  ||  Delhi HC: Senior Citizen May Seek Eviction of Daughter-in-Law for Ill-Treatment  ||  Delhi HC: Mere Possession of Visa Does Not Confer an Unconditional Right to Enter India  ||  Delhi HC: Every Insensitive or Objectionable Matrimonial Act Does Not Amount to Cruelty  ||  J&K&L HC: Fake Driving Licence Does Not Exonerate Insurer If Driver Has a Valid Licence  ||  P&H HC: Safety Council Report and CCTV Cannot Be Rejected at Charge Stage for Lack of Proof  ||  Delhi High Court Stays Rs. 213 Crore SAIL Payout to British Firm over Unstamped Arbitral Award  ||  Allahabad HC: Bar Council Cannot Suspend Advocate’s Licence Pending Disciplinary Inquiry  ||  SC: CIRP Need Not Be Set Aside Solely for Fraudulent Filing of Section 9 Plea  ||  Supreme Court: Compromise Decree Passed Without Impleading Necessary Party is Void    

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