Tags : Communication, Settlement, Insurance claims
Kerala HC: LIC Cancer Cover Starts From First Diagnosis After Waiting Period, Not Expert Opinion(08.10.2025)
Kerala High Court allowed Life Insurance Corporation's appeal against an order directing it to pay a cancer claim, holding that insurance coverage app.....
Tags : Life Insurance Corporation, Insurance, Cancer Cover
SC: Third Party Insurance Deemed to be Transferred Along with Effective Control Over Vehicle(22.07.2021)
Supreme Court has reiterated that when a transport corporation hires a motor vehicle for use from its registered owner, the third-party insurance cove.....
Tags : Supreme Court, Third Party Insurance
SC Refers to Larger Bench the Issue if Passenger in Vehicle Can Claim Comp. Under 3rd Party Policy(17.07.2025)
Supreme Court has referred to a larger bench the question whether a passenger sitting in a car would be covered under a third-party policy in insuranc.....
Tags : Supreme Court, Third-Party Policy, Insurance Claims
Centre Notifies Amendments to Medical Termination of Pregnancy Act, 1971 and Insurance Act, 1938(30.03.2021)
Centre has notified amendments to Medical Termination of Pregnancy Act and Insurance Act. Both these amendments received the assent of the President o.....
Tags : Centre, Insurance, Pregnancy
Punjab and Haryana HC: Terminally Ill Can’t be Denied Insurance Claim(25.05.2016)
Punjab and Haryana HC has ruled that family of a terminally-ill person, who decides to stop treatment against medical advice and dies, cannot be denie.....
Tags : Punjab and Haryana HC, terminally-ill person, Insurance
SC Refuses Interim Relief on Pleas Seeking Stay on LIC IPO Share Allotment(12.05.2022)
Supreme Court has refused to grant stay in a batch of petitions contesting the decision of the Central government to sell five percent of its sharehol.....
Tags : Supreme Court, five percent, Life Insurance Corporation, Initial Public Offering
CCI Approves HDFC ERGO - L&T General Insurance and HCL-Geometric Deal(22.08.2016)
Competition Commission of India (CCI) has given approval to HDFC ERGO - L&T General Insurance deal and also to HCL Technologies' equity swap deal to b.....
Tags : Competition Commission of India, HDFC ERGO - L&T General Insurance , HCL-Geometric
Company Directors Receiving Remuneration are Also 'Employees' Under ESI Act: SC(06.02.2019)
Supreme Court has held that Directors of Company, who are receiving remuneration, comes within the purview of "employee" under sub-section (9) of Sect.....
Tags : Supreme Court, Employees' State Insurance Act
Karnataka High Court: Give Wide Publicity to Crop Insurance Scheme Under PMFBY for Farmers' Benefit(30.03.2021)
Karnataka High Court has directed the State Government to give wide publicity to the Pradhan Mantri Fasal Bima Yojna (PMFBY) scheme for the benefit of.....
Tags : Karnataka High Court, Crop Insurance Scheme
Amend Employees State Insurance Act to Cover Internal Injuries: Madras HC(18.04.2019)
Madras High Court has recommended that Centre should amend the Employees State Insurance Act, 1948, to cover internal injuries suffered by employees.
Tags : Madras High court, Employees State Insurance Act, Internal Injuries
Bombay HC Seeks IRDA’s Response over Plan to Recover Unpaid Hospital Bills(06.10.2016)
Bombay HC has sought a response from Insurance Regulatory and Development Authority (IRDA) on insurance companies floating a scheme where hospitals ca.....
Tags : Bombay HC, Insurance Regulatory and Development Authority, hospitals
Insurance Claim Not Permissible if Accident Caused by One's Own 'Rash Driving', Says Supreme Court(04.09.2018)
Supreme Court has ruled that one cannot make an insurance claim for a road accident if it was caused on account of one’s own “rash and negligent drivi.....
Tags : Supreme Court, Insurance
#Major Changes Implementing From Today: New Health Insurance Rules to be Implemented(01.10.2020)
New health insurance rules to be introduced post-COVID-19 inclusion will make 17 permanent illnesses outside the cover.
Tags : Health Insurance Rules, 17 Illnesses
CCI Nods for Sun Life’s Acquisition in BSLI(01.02.2016)
Competition Commission of India (CCI) has given approval to Sun Life's acquisition of 23% more stake in Birla Sun Life Insurance (BSLI), a joint ventu.....
Tags : Competition Commission of India, Sun Life, Birla Sun Life Insurance
Parliament Passes General Insurance Business (Nationalization) Amendment Bill 2021(12.08.2021)
Parliament has passed the General Insurance Business (Nationalization) Amendment Bill 2021 which removes the condition that the Central Government sho.....
Tags : Parliament, General Insurance Business (Nationalization) Amendment Bill 2021
Supreme Court: Delay in Notifying Insurer About Car Theft, No Grounds to Deny Claim(27.01.2020)
Supreme Court has said that mere delay in intimating the Insurance Company about the theft of a vehicle should not be a ground to deny insurance claim.....
Tags : Supreme Court, Insurance Claim on Car Theft, Delay in Notifying Insurer
INSURANCE - SC: Disease Caused due to Insect Bite in the Natural Course of Events Not Covered Under 'Accident'(27.03.2019)
Supreme Court has observed that where a disease is caused or transmitted by insect bite/virus in the natural course of events, it would not be covered.....
Tags : Supreme Court, ‘accident’ insurance policy
Madras HC Issues Notice on Plea Seeking Insurance Coverage for LPG Deliverymen(27.04.2020)
Madras High Court has issued notices on a Petition seeking insurance coverage of up to Rs. 25 lakhs for LPG deliverymen, in case of death due to coron.....
Tags : Madras High Court, Insurance Coverage for LPG Deliverymen
Supreme Court Explains Facts Material to the Contract of Insurance(28.02.2025)
SC has observed that insurance is a contract uberrima fides. The applicant must disclose all facts which may weigh with a prudent insurer in assuming .....
Tags : Supreme Court, Contract of Insurance, Prudent Insurer
HP HC: Insurance Company Not Liable to Provide Compe. for Injuries Sustained by Gratuitous Passenger(05.05.2025)
HP HC while holding that an insurance company is not liable to provide compensation for injuries sustained by a gratuitous passenger has held that the.....
Tags : HP High Court, Insurance Company, Gratuitous Passenger
Additional Norms on portability under Health Insurance policies(07.10.2020)
1. Reference is drawn to Chapter VIII of "Consolidated Guidelines on Product filing in Health Insurance Business" (Ref: IRDAI/HLT/REG/CIR/194/07/2020 .....
Tags : Additional Norms, Portability, Health Insurance policies
#Union Budget 2021-2022: Union Govt Approves Extension of Cover for Deposit Insurance(01.02.2021)
Union Government has approved an increase in the cover for deposit insurance from Rs 1 lakh to Rs 5 lakh for bank depositors, to help depositors in ba.....
Tags : Union Government, Union Budget, Deposit Insurance
Kar. HC: Permit Renewed After Condoning Delay is Deemed to be Effective From Date of Actual Expiry(01.08.2022)
Karnataka High Court has held that insurance company can’t refuse to indemnify liability of insurer on ground that on date of accident, permit of vehi.....
Tags : Karnataka High Court, Insurance, Permit
IRDAI Exempts 24 Schemes of Insurance from GST(31.03.2018)
Insurance Regulatory and Development Authority of India (IRDAI) has exempted 24 schemes of insurance from Goods and Services Tax (GST) regime for rein.....
Tags : Insurance, GST
Extension for uploading KYC details for insurance policies on iTrex(06.04.2016)
The Insurance Regulatory Development Authority extended the deadline for uploading the status of Know Your Customer related details for insurance poli.....
Tags : itrex, insurance database, deadline
Insurance Claim can’t be Denied on Ground of Common Lifestyle Diseases: NCDRC(15.10.2018)
National Consumer Disputes Redressal Commission (NCDRC) has held that insurance claim cannot be denied on the ground of common lifestyle diseases such.....
Tags : NCDRC, Insurance claims
Cal HC: Invalid DL on Date of Accident Constitutes Violation of T&C of Insurance Policy(28.11.2024)
Cal. HC has held that when the driving licence of driver is not valid on the date of accident, it constitutes a violation of the terms and conditions .....
Tags : Calcutta High Court, Driving Licence, Insurance Policy
Madras HC Directs LIC to Revise Pay Scale of Retired Employee Sacked for Certificate Verification(02.01.2017)
Madras High Court has directed Life Insurance Corporation Limited to revise pay scale of a retired employee, who was sacked for five years pending ver.....
Tags : Madras HC, Life Insurance Corporation, retired employee
Life Insurance Corporation of India (Staff) Amendment Rules, 2019(16.10.2019)
In exercise of the powers conferred by Clause (cc) of Sub-section (2) of Section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Cent.....
Tags : Rules, Amendment, Insurance
Insurance coverage cannot be available for a vague or indefinite period(16.12.2016)
Government of Andhra Pradesh awarded work of Investigation, Design and Execution of Tunnel -1 & Tunnel - 2, including Head Regulator at entrance of po.....
Tags : Coverage, Insurance, Damages
Govt. Amends Employees Insurance Norms to Increase Wage Ceiling From Rs 15,000 to Rs 21,000 P/M(05.01.2017)
Ministry of Labour and Employment has notified amendments to Employees’ State Insurance (Central) Rules, 1950 to increase wage ceiling from INR 15,000.....
Tags : Ministry of Labour and Employment, Employees’ State Insurance (Central) Rules, 1950
SC Urges Centre to Increase Financial and Insurance Support for Cadets Injured in Military Training(05.09.2025)
Supreme Court urged the centre to increase monetary and insurance benefits for cadets disabled during training, noting that the current ex gratia amou.....
Tags : Financial, Insurance Support, Cadets, Military Training
Supreme Court: Can’t Deny Insurance Claim for Breach of Impossible Condition(09.04.2025)
Supreme Court held that the claim of insured cannot be rejected by an insurance company on the grounds of breach of a condition in the contract that w.....
Tags : Supreme Court, Impossible Condition, Insurance Claim
IRDAI Defers Implementation of Indian Accounting Standards in Insurance Sectors(22.01.2020)
Insurance Regulatory and Development Authority of India has decided to defer the implementation of Indian Accounting Standards in the Insurance Sector.....
Tags : Insurance Regulatory and Development Authority of India, Indian Accounting Standards
CCI Nods for Acquisition of L&T General Insurance by HDFC ERGO(12.09.2016)
Competition Commission of India (CCI) has approved acquisition process of L&T General Insurance by HDFC ERGO General Insurance.
Tags : Competition Commission of India, L&T General Insurance, HDFC ERGO General Insurance
SC Sets Aside Insurer's Liability to Compensate MP Government(27.04.2020)
Supreme Court has set aside the National Consumer Disputes Redressal Commission's order requiring Bajaj Allianz General Insurance to pay Rs. 64 lakh b.....
Tags : Supreme Court, Bajaj Allianz General Insurance
JKL HC: Insurance Agents Are Liable for Errors and Omissions(17.08.2023)
Jammu and Kashmir and Ladakh High Court has held that insurance agents represent insurance companies and they are liable for errors and omissions. The.....
Tags : Jammu and Kashmir and Ladakh High Court, Insurance Agents, Errors
Insurance Company to Pay Even If Accident Not in India: Punjab & Haryana High Court(04.12.2017)
Punjab and Haryana High Court has ruled that if a vehicle registered and insured in India meets with an accident in another country, the insurance com.....
Tags : Punjab and Haryana High Court, Insurance
All. HC: There Must be Insistence on Part of Insurance Companies for Disclosure of Specific Details(01.05.2025)
Allahabad High Court has held that insurance companies must insist upon filling specific details in the form for issuing insurance policy. Once policy.....
Tags : Allahabad High Court, Insurance Companies, Specific Details
Madras HC: Disbursal of Insurance Amount Ordered, Default in Payment of Premium not Intentional(22.01.2024)
Madras High Court while ordering disbursal of insurance amount to the family of policy holder has held that default in payment of premium was neither .....
Tags : Madras High Court, Disbursal of Insurance Amount, Default in Payment
IRDAI Asks Insurers Not to Reject Claims on Grounds of Genetic Disorder(20.03.2018)
Insurance regulator IRDAI has directed insurers not to reject any health insurance claim based on exclusions related to 'genetic disorder'.
Tags : IRDAI, Insurance
Bombay HC: Parent Age Should Be Considered While Deciding Insurance Compensation(24.10.2016)
Bombay High Court has ruled that when an unmarried person dies in a road accident, the average age of his or her surviving old parents should be consi.....
Tags : Bombay High Court, Parent Age, Insurance Compensation
Ker HC: Requirement to Intimate Transfer of Vehicle to Insurance Company Under MV Act Only Directory(01.11.2022)
Kerala High Court has held that provision under Section 157(2) of Motor Vehicles (MV) Act, 1988 to intimate about the transfer of a vehicle to the Ins.....
Tags : Kerala High Court, Motor Vehicles, Insurance Company
SC: Reimbursement Can't be Refused, Once Insurer Accepts that Concealment of Disease was Immaterial(07.07.2023)
Supreme Court has observed that insurance company can’t be permitted to deny renewal/reimbursement of insurance policy after acceptance of the fact th.....
Tags : Supreme Court, Insurance, Reimbursement
MP High Court: Allowing Minor to Drive Without Valid License Constitutes Breach of Insurance Policy(14.11.2025)
Madhya Pradesh High Court held that permitting a minor to drive without a valid license constitutes a fundamental breach of the insurance policy. The .....
Tags : Minor, Drive, Insurance Policy
Delhi HC: Transfer of Hospitals Under Employees State Insurance Corporation To State Govt. Illegal(23.10.2017)
Delhi High Court has declared as “illegal” the transfer of hospitals and medical colleges under Employees State Insurance Corporation (ESIC) to State.....
Tags : Delhi High Court, Employees State Insurance Corporation
Lapsed insurance policies remain tradeable and assignable(29.12.2015)
The Supreme Court permitted transfer and assignment of lapsed insurance policies that came into effect prior to 2015. LIC Circulars that prohibited re.....
Tags : Insurance policy, lapse, transfer, registration
Insurance Guidelines on "Indian owned and controlled"(19.10.2015)
Insurance Regulatory Development Authority of India has introduced guidelines pursuant to the Insurance Laws (Amendment) Act, 2015. The Guidelines men.....
Tags : Insurance, guidelines, owned, controlled
Supreme Court: "Delay In Filing Insurance Claim No Reason To Reject It"(09.10.2017)
Supreme Court, while granting relief to a man who was denied claim for his stolen vehicle, has said that insurance claims cannot be rejected if the re.....
Tags : Supreme Court, Insurance
Implementation of Indian Accounting Standards in insurance sector(01.03.2016)
The Ministry of Corporate Affairs advised Insurers to follow Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Ru.....
Tags : insurance sector, ind as
SC Issues Notice on Plea Against Centre’s Insurance Scheme for Health Workers Fighting COVID-19(21.10.2021)
Supreme Court has issued notice on a petition raising the issue of the construction of the Centre's Insurance Scheme for Health Workers Fighting COVID.....
Tags : Supreme Court, Centre’s Insurance Scheme for Health Workers Fighting COVID-19
RBI Directs Banks to Cap Stake in Insurance Companies at 30%(27.12.2019)
Reserve Bank of India has directed lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arisin.....
Tags : RBI, Insurance Companies
SC Denies Claim for Sun Stroke Death in Insurance Coverage for Accidental Death(09.02.2023)
Supreme Court has held that death occurring due to sun-stroke during election duty will not come within the scope of the clause "death only resulting .....
Tags : Supreme Court, Insurance, Accidental Death, Sun Stroke
Madras HC Seeks Centre’s Response Over Crop Insurance Scheme(01.09.2015)
Madras High Court has ordered Central Government to file affidavit stating as to when the proposed new crop insurance scheme for farmers will be final.....
Tags : Madras High Court,Crop Insurance Scheme,Central Government
SC: Valid Reasons for Not Accepting Surveyor’s Report Must be Given by Insurance Company(19.05.2023)
Supreme Court while observing that Surveyor’s Report in a claim for insurance is not final one however satisfactory reasons are given by insurer, has .....
Tags : Supreme Court, Contingent Reasons, Surveyor’s Report, Insurance Company
Delhi High Court: Insurance Companies Must Accept Claims at All Hospitals(13.06.2019)
Delhi High Court has held that insurance companies would have to honour claims by valid medical policy holders who have received treatment at any gove.....
Tags : Delhi High Court, Insurance Companies
NCLAT Declines Plea Challenging Order Approving Piramal Bid for DHFL(29.06.2021)
National Company Law Appellate Tribunal has declined a plea by US-based Prudential International Insurance Holdings Ltd challenging a National Company.....
Tags : National Company Law Appellate Tribunal, Prudential International Insurance Holdings Ltd
Medical examination of insuree is responsibility of insurance company(28.07.2015)
On a failure to conduct a medical examination of an insuree-applicant by the insurance company, the fault lies on the part of the insurance company. I.....
Tags : medical, insurance, concealment of fact
Solvency Margin for Crop Insurance business(26.08.2020)
1. This circular is issued in accordance with the power vested under section 14(2)(e) of the IRDA Act, 1999 read with section 34(1) of the Insurance A.....
Tags : Solvency Margin, Crop Insurance, Business
SC Suggests Sates that State Transport Corporations Avail Third-Party Insurance(03.10.2024)
Supreme Court while hearing a petition over issues related to motor vehicle claims, has suggested State Governments that for timely payment of compens.....
Tags : Supreme Court, Motor Vehicle Claims, Third-Party Insurance
Revision of Health Insurance Regulatory Returns(13.09.2022)
1. In supersession of Chapter V of Section - I of Master Circular on standardization of health insurance products issued vide Ref no. IRDAI/HLT/REG/CI.....
Tags : Revision, Health Insurance, Returns
SAT: Regulator Abetting Corruption in Insurance Business Can’t Be Tolerated(19.03.2018)
Securities Appellate Tribunal has directed Insurance Regulatory and Development Authority of India to relook into the complaint of a United Kingdom-ba.....
Tags : Securities Appellate Tribunal, Insurance
Bombay HC Orders Insurance Company To Pay Rs 38 lakh With 9% Interest to Family of Deceased Engineer(25.08.2015)
Bombay High Court has ordered insurance company to pay around Rs 38 lakh, along with 9% interest to wife, son and widowed mother of deceased victim, a.....
Tags : Bombay High Court,Insurance Company
Karnataka HC Directs to Ensure Insurance Companies Transfer Unclaimed Policy Amounts(09.09.2021)
Karnataka High Court has directed the Insurance Regulatory and Development Authority (IRDA) to ensure that all insurance companies follow the master c.....
Tags : Karnataka High Court, Insurance Companies Transfer Unclaimed Policy Amounts
Insurer Has No Liability Once There is Breach of Condition of Insurance Policy: Supreme Court(30.11.2017)
Supreme Court has cautioned a man that he will be liable for punishment for contempt if he files yet another petition similar to 16 petitions he filed.....
Tags : Supreme Court, Insurance
Kerala HC: Diocese Not Entitled to Claim Compensation for Death of Deceased Priest(21.01.2025)
Kerala High Court while hearing an appeal filed by insurance company against the grant of insurance money to the Diocese over the death of a priest fr.....
Tags : Kerala High Court, Deceased Priest, Insurance Company
SC: Person Deemed to be ‘Principal Employer’ if Acts as Agent of Owner or Supervise the Establishment(22.04.2025)
Supreme Court while upholding conviction of a General Manager for not remitting Employees' State Insurance contribution to ESIC, has observed that a p.....
Tags : Supreme Court, Principal Employer, Employees' State Insurance
SC: Insurance Policy to be Effective from the Date of Issuance(08.01.2024)
Supreme Court while observing that the date of proposal cannot be treated as the date of policy unless there is an initial deposit, has held that the .....
Tags : Supreme Court, Insurance Policy, Date of Issuance
Supreme Court: Burden to Prove that Insured Suppressed Material Facts is Upon the Insurer(15.04.2024)
Supreme Court has held that if the insurance company repudiates the insurance claim on the ground that the insured had suppressed other policies taken.....
Tags : Supreme Court, Insurance Company, Burden to Prove
Insurer not liable to pay upon death while intoxicated if excluded in insurance policy(03.09.2015)
In a case where the insurer denied payout on the death of the insured by drowning while under the influence of alcohol, the NCDRC dismissed the compla.....
Tags : Life insurance, death, intoxication
Supreme Court Partially Stays HC's Judgment on Exclusion of Genetic Disorders in Insurance Policy(30.08.2018)
Supreme Court has partially stayed Delhi High Court judgment which had held as unconstitutional discrimination in health insurance against individuals.....
Tags : Supreme Court, Insurance
Delhi HC Directs Insurer to Provide Similar Alternative Insurance Plan to Petitioner(29.09.2020)
Delhi High Court has directed an insurance company that had suddenly discontinued an insurance plan, to provide a similar alternative plan to the Peti.....
Tags : Delhi High Court, Alternative Insurance Plan
Calcutta High Court Grants Widow Insurance Relief(04.02.2020)
Calcutta High Court has directed a bank to pay Rs 1 lakh to the widow of a customer as accidental death insurance after it had refused to pay up on th.....
Tags : Calcutta High Court, Insurance
Inclusion of "Farmer Producer Company (FPC) in the list of Micro Insurance Agent"(26.04.2017)
Reference is invited to Regulation 2 (f) of IRDAI (Micro Insurance) Regulations 2015 (Regulations) which defines a "Micro-insurance Agent". Based on t.....
Tags : FPC, Inclusion, Micro Insurance
SC: Court Cannot Direct Continued Maintenance by Insurance Company of Prosthetic Limb(18.08.2021)
Supreme Court has observed that while determining compensation under the Motor Vehicle Act, 1988, a Court cannot direct the continued maintenance by I.....
Tags : Supreme Court, Continued Maintenance by Insurance Company of Prosthetic Limb
Training and examination for channels of insurance distribution harmonised(13.07.2016)
The Insurance Regulatory Development Authority of India took steps to streamline the training and examination of persons involved in selling and distr.....
Tags : Insurance, agent, brokers, training, examination, overlap
SC: In case of Fire Insurance, Precise Cause of Fire is Immaterial if Claimant Didn’t Instigate it(29.11.2023)
Supreme Court has held that in cases of fire insurance the precise cause of a fire, whether attributed to a short circuit or any alternative factor, r.....
Tags : Supreme Court, Fire Insurance, Cause
Calcutta HC: Insurance Company Must Not Withhold Claim Once Liability is Established(22.05.2025)
Calcutta High Court has observed that the claim amount must not be withheld by Insurance Company once there is establishment of liability or quantum o.....
Tags : Calcutta High Court, Insurance Company, Insurance Policy
Gau. HC: Commissioner Can Order Insurer To Directly Compensate Employee Injured In Motor Accident(25.01.2023)
Gauhati High Court has upheld an order whereby the Insurance company was directly made liable to pay compensation to an employee injured in a motor ac.....
Tags : Gauhati High Court, Insurance, Motor Accident
SC: Stamp Duty Can be Imposed by State on Insurance Policies Executed Within State(02.05.2024)
Supreme Court while rejecting appeals filed by Life Insurance Corporation against a demand of stamp duty of Rs. 1.19 crore by the State, has held that.....
Tags : Supreme Court, Life Insurance Corporation, Stamp Duty, Insurance Policies
Rajasthan HC: Poor Farmers Cannot Be Denied Payment of Insurance(04.08.2020)
Rajasthan High Court directed Agricultural Insurance Company of India (AIC) to release the amount due to the petitioner farmers of Satalana village un.....
Tags : Rajasthan High Court, Payment of Insurance to Farmers
NCDRC Raps Insurance Company for Ambiguous Term(04.10.2018)
National Consumer Disputes Redressal Commission (NCDRC) has rapped the United India Insurance Co. Ltd for using an ambiguous term, “owner-driver” in t.....
Tags : NCDRC, United India Insurance Co. Ltd.
Insurance Company to be Liable Even if Insurance Policy Not Transferred(17.09.2024)
Allahabad HC has stated that even if the insurance policy of vehicle is not transferred, the insurance company would become liable under the policy to.....
Tags : Allahabad High Court, Insurance Company, Transferee
Centre Defers Due Date for Renewal of Health & Motor Vehicle Insurance Policies Till 21st April(02.04.2020)
Ministry of Finance has extended the due date for renewal of motor vehicle third party insurance and for health insurance policies expiring between 25.....
Tags : Finance Ministry, Renewal of Health & Motor Vehicle Insurance
SC Halts NCDRC Order Granting Compensation to Rajasthan Royals for Sreesanth, Citing No Match Played(14.10.2025)
Supreme Court stayed the National Consumer Disputes Redressal Commission (NCDRC) order directing United India Insurance to pay over ?82 lakhs to the o.....
Tags : National Consumer Disputes Redressal Commission, Rajasthan Royals, United India Insurance
Actuarial and reinsurance returns - Dispensing with hard copy submission(11.05.2022)
1. This circular is issued under section 14(2)(e) of the Insurance Regulatory and Development Authority Act, 1999. It shall come into force with immed.....
Tags : Reinsurance returns, Dispensing of, Hard copy submission
SC: Crop Insurance Different from Commercial Policy(07.09.2022)
Supreme Court while upholding Bombay High Court's order directing Bajaj Allianz General Insurance to compensate under Pradhan Mantri Fasal Bima Yojana.....
Tags : Supreme Court, Crop Insurance, Commercial Policy
ECGC introduces new scheme providing export credit risk insurance cover up to 90% for small exporters(26.07.2022)
Export Credit Guarantee Corporation (ECGC) has introduced a new scheme to provide enhanced export credit risk insurance cover to the extent of 90% to .....
Tags : Insurance cover, Scheme, Small exporters
SC Directs Bajaj Allianz to Come Up with Draft Guidelines for Compensation Disbursement Process(15.02.2021)
Supreme Court has directed the Bajaj Allianz General Insurance Company, to come up with draft guidelines for facilitating compensation disbursement pr.....
Tags : Supreme Court, Bajaj Allianz General Insurance Company, Compensation Disbursement Process
Bombay HC: Newborn Baby Includes Pre-Mature Baby(03.03.2023)
Bombay High Court while observing that newborn baby would include a pre-mature baby and insurer would be liable to pay for all expenses related to inf.....
Tags : Bombay High Court, Newborn, Pre-Mature Baby, Insurance
IRDA Stays Mandatory Listing of Insurance Companies(17.10.2016)
Insurance Regulatory & Development Authority (IRDA) has said that it is having second thoughts about mandatory listing of Insurance Companies on the S.....
Tags : Insurance Regulatory & Development Authority, listing, Insurance Companies, Finance Ministry
Jharkhand Govt. Approves Medical Insurance, Monthly Stipend for Lawyers(09.09.2024)
Jharkhand Government has approved medical insurance of Rs. 5 Lakh for over 30,000 lawyers across the State. In addition to this, advocates aged 65 yea.....
Tags : Jharkhand Government, Medical Insurance, Monthly Stipend
IRDA Specifies Procedure to be Followed to Deal with Resignation of ISPs of IMFs(29.05.2017)
Insurance Regulatory and Development Authority of India has issued procedure to be followed to deal with resignation of ISPs of IMFs which says that s.....
Tags : Insurance Regulatory and Development Authority of India, Insurance Sales Persons (ISPs), Insurance Marketing Firms (IMFs)
Supreme Court: Fake Driver’s License Doesn’t Free Insurer Unless Owner Allowed Violation(09.10.2025)
Supreme Court ruled that an insurance company cannot recover compensation from a vehicle owner solely because the driver used a fake license, providin.....
Tags : Driver’s License, Insurer, Insurance Company
SC: Insurance Co. Not Liable if Claimant Was Travelling In Un-Insured Trailer(31.08.2023)
Supreme Court has held that liability cannot be fastened on the Insurance Company when the claimant was travelling in the trailer which was not insure.....
Tags : Supreme Court, Insurance Company, Tractor, Liability
IRDAI: Link All Your Insurance Policies to Aadhaar and PAN(09.11.2017)
Insurance Regulatory and Development Authority of India (IRDAI) has directed and made it mandatory for companies to link Aadhaar and PAN with every in.....
Tags : Insurance Regulatory and Development Authority of India
#Union Budget 2020-2021: Deposit Insurance Cover Increased to Rs 5 Lakh(01.02.2020)
Finance Minister noted that the depositors money in schedule commercial banks absolutely safe. Insurance cover on deposists by DICGC to be hiked to Rs.....
Tags : Union Budget 2020-2021, Insurance Cover
Securities Appellate Tribunal Allows Lenders to Sell Reliance General Insurance(28.02.2020)
Securities Appellate Tribunal has upheld the right of Nippon India Mutual Fund and Credit Suisse to sell shares of Reliance General Insurance followin.....
Tags : Securities Appellate Tribunal, Reliance General Insurance
Ker. HC: No Power on Insurance Ombudsman to Dictate Terms of Insurance Policy Renewal(03.07.2024)
Ker HC has held that nowhere in Insurance Ombudsman Rules, 2017 it is stated that Insurance Ombudsman has power to issue directions to insurer to issu.....
Tags : Kerala High Court, Insurance Ombudsman Rules, Insurance Policy Renewal
Rajasthan HC Fines ICICI with Rs. 10 Lakhs for Trying to "Wrongfully Influence" Judges(26.10.2018)
Rajasthan High Court has recently slapped ICICI Lombard General Insurance Company with penal costs of Rs. 10 lakhs for impleading several judges of Di.....
Tags : Rajasthan High Court, ICICI Lombard General Insurance
Advance Discharge Voucher(12.07.2016)
The Insurance Regulatory Authority of India tightened instructions for life insurers that issue advance discharge vouchers.
It now require.....
Tags : Advance discharge, life insurance, payment
SC: Mere Delay in Intimating Insurance Company of Occurrence of Theft Not Grounds to Deny Claim(20.09.2021)
Supreme Court has observed that mere delay in intimating the insurance company about the occurrence of the theft cannot be a ground to deny the insura.....
Tags : Supreme Court, Delay in Intimating Insurance Company
SC: Insurance Claim Can Be Rejected If Vehicle Was Used Without Valid Registration(01.10.2021)
Supreme Court has observed that an insurance claim can be rejected if a vehicle is used/driven without a valid registration, since that would constitu.....
Tags : Supreme Court, Insurance Claim
Bouncing of Cheque, Issued for Insurance Premium is Breach of Promise: Bombay HC(22.04.2019)
Bombay High Court has held that when a cheque issued towards payment of insurance premium bounces, an insurance company is not bound to indemnify owne.....
Tags : Bombay High Court, Insurance, Cheque Bounce
Supreme Court Takes Note of Insurance Companies Not Reimbursing Cost of COVID Treatment(06.08.2020)
Supreme Court has taken note of complaints of insurance companies not reimbursing the full cost of COVID-19 treatment and told the Union government to.....
Tags : Supreme Court, Insurance Companies, Cost of COVID Treatment
Madras High Court Rejects Plea of Insurance Firm(25.01.2016)
Madras High Court has irked over a nationalised insurance company vehemently resisting payment of a claim for angioplasty under a medical insurance co.....
Tags : Madras High Court, medical insurance
SC Asks Centre to Consider Withdrawing Insurance Exemption for State Public Transport Corporations(12.08.2021)
Supreme Court has asked the Central Government to examine the possibility of withdrawing exemption from insurance for State Corporations that run publ.....
Tags : Supreme Court, Insurance Exemption for State Public Transport Corporations
Delhi HC Approves Insurance Policy to Implement CM Advocates Welfare Scheme(08.10.2020)
Delhi High Court has approved the insurance policy decided by the Delhi Government, with the assistance of the Bar Council of Delhi, to implement the .....
Tags : Delhi High Court, Insurance Policy to Implement CM Advocates Welfare Scheme
Casual workers covered under Employees State Insurance Act, 1948(29.02.2016)
The Supreme Court rejected submissions of the Royal Western India Turf Club Ltd. that casual workers employed by it were outside the ambit of the Empl.....
Tags : state insurance, employee, contribution
NCDRC: Insurance Company Liable Even if Driver Involved in Theft of Vehicle(26.07.2022)
National Consumer Disputes Redressal Commission has held that even if it is assumed that the driver dishonestly took away the taxi-car, even then the .....
Tags : NCDRC, Theft, Insurance
Review of Foreign Direct Investment policy in Insurance sector(23.03.2016)
The Central Governments issued amendments to its ‘Consolidated FDI Policy Circular 2015’ to liberalise foreign direct investment in the insurance sect.....
Tags : Insurance, foreign direct investment, liberalise
Union Cabinet Approves Amendment to Insurance Act, 1938(16.03.2021)
Union Cabinet has approved an amendment to the Insurance Act, 1938, to increase the foreign direct investment cap in the sector to 74% from 49% now.
Tags : Union Cabinet, Amendment to Insurance Act, 1938
All HC: UP Government Directed to Consider Framing Insurance Scheme for Lawyers Appearing for State(03.06.2024)
Allahabad High Court has directed the Uttar Pradesh Government to consider framing of insurance scheme for law officers who appear for the State Gover.....
Tags : Allahabad High Court, Insurance Scheme, State Government
SC: Breach Must be Fundamental, for Insurer to Deny Claim Altogether(02.08.2023)
Supreme Court has held that in case of vehicle theft, any violation of condition of insurance policy should be in the nature of a fundamental breach t.....
Tags : Supreme Court, Insurance, Breach, Violation
Government notifies amendment in FEMA to enable increase in FDI limit in insurance sector to 74%(21.08.2021)
The government has notified Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2021 (Rules, 2021) amending the Foreign Excha.....
Tags : FDI, Insurance Sector
IRDAI Fines ICICI Lombard Company and Tata AIG Company Rs 1 Crore Each(31.01.2020)
Insurance Regulatory and Development Authority of India has fined ICICI Lombard General Insurance Company and Tata Group and American International Gr.....
Tags : Insurance Regulatory and Development Authority of India, ICICI Lombard, Tata AIG
Accounting Treatment of Enhanced Provision of Pension Scheme(18.04.2016)
In light of the pay revision of officers and employees carried out by public sector insurers in 2015-2016, the Insurance Regulator Development Authori.....
Tags : insurance, public sector employees, liability
SC Sets Aside Delhi HC's Direction to Insurance Company to Plant 100 Trees(14.08.2020)
Supreme Court has set aside the direction issued by the Delhi High Court to Oriental Insurance Company Ltd to plant hundred trees in a claims matter.
Tags : Supreme Court, Oriental Insurance Company Ltd
IRDA clarifies provisions for refund of premium on repudiation of policy(28.10.2015)
The Insurance Regulatory Development Authority of India has released clarifications pursuant to amendment of Section 45 of the Insurance Act, 1938. Th.....
Tags : Insurance, clarifications, section 45, refund, misrepresentation
Motor Third Party Insurance Coverage(01.01.2018)
Hon'ble Supreme Court Committee on Road Safety had directed the States/Union Territories to periodically carry out checks to see whether the vehicle o.....
Tags : Insurance, Coverage, Third party