Tags : Communication, Settlement, Insurance claims
Issuance of digital insurance policies by insurance companies via Digilocker(09.02.2021)
1. Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/certificate in di.....
Tags : Issuance, Digital insurance policies, Digilocker
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
Modification in guidelines on standard individual health insurance product(18.03.2021)
1. Reference is drawn to Guidelines on standard individual health insurance product circular Ref No.: IRDAI/HLT/REG/CIR/172/07/2020 dated 07.07.2020 s.....
Tags : Modification, Guidelines, Insurance product
Extension of timelines for sale and renewal of short term Covid specific health insurance policies(28.03.2022)
1. Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers.
2. In partial mo.....
Tags : Extension, Timelines, Insurance policies
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
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
Information: Plans offered by Even Health are not health insurance plans and the said entity is not a registered entity with IRDAI(13.04.2022)
It has come to the notice of IRDAI that an entity by the name "Even Healthcare Pvt. Ltd." having their corporate office at 'No. 311,6th Main Road, HAL.....
Tags : Plans, Health insurance, Registered entity
News
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
IRDAI Bars Insurers from Rejecting Claims Based on Genetic Disorders(22.03.2018)
Insurance Regulatory and Development Authority of India (Irdai) has sent directives to all General and Health insurers to not include ‘Genetic Disorde.....
Tags : Insurance Regulatory and Development Authority of India
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
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
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
SC: Coverage of 'Flood & Inundation' Insurance Includes Damage Caused by Heavy Rains(29.01.2020)
Supreme Court has interpreted the meaning of the words 'Flood and Inundation' in an insurance contract to include coastal floods, fluvial floods (rive.....
Tags : Supreme Court, 'Flood & Inundation' Insurance
CCI Nod for Nippon’s Stake Hike in Reliance Life to 49%(12.02.2016)
Competition Commission of India (CCI) has approved Nippon Life's additional 23 per cent stake purchase plan in Reliance Life Insurance in a deal worth.....
Tags : Competition Commission of India, Nippon Life, Reliance Life Insurance
Delhi HC: Health Insurance Claims cannot be Rejected on Broad Definition of Genetic Disorders(27.02.2018)
Delhi HC has held that it was illegal for health insurance policies to exclude genetic disorders from their scope of coverage.
Tags : Delhi High Court, health insurance policies
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
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
#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
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
SC Stays Delhi HC’s Direction to Insurance Company to Provide Life-Time Warranty on Prosthetic Limbs(11.02.2021)
Supreme Court has issued notice in a plea filed challenging the Delhi High Court's order directing the Insurance Company to provide a life time warran.....
Tags : SC, Insurance Company
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
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
If Exclusion Terms of Policy Not Told to Insured, Insurer can’t Repudiate Claim on its Basis: SC(22.04.2019)
Supreme Court has held that if the terms of exclusion of policy are not communicated to the insured, the insurer cannot rely on them to repudiate a cl.....
Tags : Supreme Court, Insurance Policy, Exclusion Terms of Policy
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
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
#Union Budget 2022-2023: FM Allows Parents to Take Insurance from Children with Disability(01.02.2022)
Finance Minister has stated that the parents or guardian can take insurance from their children with disabilities. The payment of annuity or lump sum .....
Tags : Union Budget, Finance Minister, Insurance from Children with Disabilities
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
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
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
SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
Delhi HC: Efficacious Alternative Remedies in Insurance Claim Dispute Doubtful(13.05.2020)
Delhi High Court has entertained a Writ Petition on a dispute relating to insurance claim observing that the availability of efficacious alternative r.....
Tags : Delhi High Court, Insurance Claim Dispute
SC Directs Verification of Workers' Claims as LIC Bound by Constitution(28.04.2022)
Supreme Court has said that the Life Insurance Corporation, as a statutory corporation, is bound by the mandate of Articles 14 and 16 of the Constitut.....
Tags : Supreme Court, Life Insurance Corporation, statutory corporation, Articles 14, Articles 16, 11,000 workers
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
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
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
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
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
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
SC: Duty of the Insurance Company to Disclose All Material Facts Within Their Knowledge(09.08.2023)
Supreme Court has observed that it is the duty of the insurance company to disclose all material facts within their knowledge since the obligation of .....
Tags : Supreme Court, Insurance Company, Good Faith
Bombay HC Directs Insurance Companies to Pay Insured Accident Victims Having Fake Licenses(24.10.2016)
Bombay High Court has held that Insurance Companies are liable to pay compensation to victims of road accidents even if they possessed a fake or unaut.....
Tags : Bombay High Court, Insurance Companies , Fake Licenses
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
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.
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
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
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
Punjab and Haryana High Court: Insurance Benefits Cannot Be Denied on Mere Technicalities(14.03.2017)
Punjab and Haryana High Court, while coming to rescue of an illiterate woman who lost her 27-year-old son in a road mishap, has asserted that benefits.....
Tags : Punjab and Haryana High Court, Insurance Benefits
#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
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
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
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
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
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
SC: No Insurance Claim for Theft Committed without Violence(24.08.2016)
SC has ruled that a person or an entity can't seek compensation on insured goods if theft happened without violence and observed that the terms of the.....
Tags : SC, Insurance Claim
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
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 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
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
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
Madras HC Orders Insurance Company to Implement Centre's Circular Regarding Women Employees’ Transfer(14.12.2015)
Madras High Court has ordered Chairman of National Insurance Company to implement circular issued by Centre directing insurance companies to post/tran.....
Tags : Madras High Court, National Insurance Company , women employees
Giving Lift To Strangers Who Later Stole The Vehicle Is Not Breach Of Insurance: SC(11.12.2017)
Supreme Court has ruled that giving lift to strangers who later stole the vehicle is not a breach that would nullify the insurance policy.
Tags : Supreme Court, Insurance
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
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
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
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: 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
Centre Extends Time for Renewal of Health, Third Party Motor Vehicle Insurance Policies Till May 15(16.04.2020)
Ministry of Finance has issued notifications to extend the time for renewal of health and third party motor vehicle insurance policies till 15th May, .....
Tags : Finance Ministry, Renewal of Health, Third Party Motor Vehicle Insurance Policies
Delhi HC Directs to Examine on Claims of People Unable to Get Insurance Benefit in Second Covid Wave(28.05.2021)
Delhi High Court has directed IRDAI (Insurance Regulatory and Development Authority of India) to examine as to whether the claims of people who were u.....
Tags : Delhi High Court, Insurance Claims
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
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
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
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
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
SC: Not Permissible to Rewrite Contract While Interpreting Terms of Insurance Policy(01.11.2021)
Supreme Court observed that it is not permissible to rewrite the contract while interpreting the terms of the Insurance Policy. The Court has said tha.....
Tags : Supreme Court, Terms of Insurance Policy
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
Insurance Company can't Unilaterally Delete Policy Terms to Reduce Coverage: SC(01.02.2019)
Supreme Court has quashed the action of New India Assurance Company Ltd. in unilaterally deleting policy terms to reduce coverage and also held that a.....
Tags : Supreme Court, Insurance Company
SC: Insurance Company Cannot Raise Delay as Basis for Repudiation First Time Before Consumer Forum(24.12.2019)
Supreme Court has observed that an Insurance Company cannot raise delay as a ground for repudiation for the first time before Consumer Forum if it has.....
Tags : SC, Insurance Company
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
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
Kerala High Court Sets Aside Insurance Court’s Order for Being Violative of Statutory Provisions(18.02.2020)
Kerala High Court has set aside an order passed by Insurance Court on the ground that the procedure adopted by the Court is violative of Section 75(2B.....
Tags : Kerala High Court, Insurance Court Order Set Aside
Central Government Amends Insurance Ombudsman Rules, 2017(04.03.2021)
Central Government on 2nd March 2021 has notified comprehensive amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working .....
Tags : Central Government, Insurance Ombudsman
SC: Denying Insurance Coverage for Reason That Deceased Engaged as Helper Not Justified(17.01.2022)
Supreme Court has held that denying the insurance coverage under the Employees Compensation Act 1923 for the reason that deceased was engaged as a hel.....
Tags : Supreme Court, Denying Insurance Coverage
J&K&L HC: Cause of Action in Case of Contract of Insurance Accrues on Date of Repudiation of Claim(02.01.2023)
Jammu and Kashmir and Ladakh High Court has observed that 'cause of action' in an insurance case can also accrue on the date the claim lodged by the i.....
Tags : Jammu and Kashmir and Ladakh High Court, Contract of Insurance, Repudiation
SC: Insurers Can't Cancel Contract if Exclusion Clauses Are Not Disclosed to Insured(10.11.2022)
Supreme Court while cautioning all insurance companies has held that if they do not mandatorily comply with IRDA Regulation, 2002 then their right to .....
Tags : Supreme Court, Insurance, IRDA
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
CESTAT Allows Cenvat Credit To Satyam Computer for Service Tax Paid on Medical Insurance Premium(14.10.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has granted a cenvat credit to Satyam Computer for service tax paid on insurance premium.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, service tax, insurance premiums
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
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
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
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
Rajya Sabha Passes Bill to Increase Foreign Direct Investment in Indian Insurance Sector to 74%(19.03.2021)
Rajya Sabha has passed the Insurance (Amendment) Bill, 2021 which seeks to increase the maximum permissible Foreign Direct Investment (FDI) in the ins.....
Tags : Rajya Sabha, Insurance (Amendment) Bill, 2021
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
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
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)
Delhi High Court Asks Aircraft, Insurance Firms to Pay Rs 50 Lakh for Victims' Families(24.05.2019)
Delhi High Court has directed a chartered aircraft firm and an insurance company to pay Rs 50 lakh compensation to the families of each of the two doc.....
Tags : Delhi High Court, 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
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
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
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 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
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
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
Delhi HC: Holding License for LMV Doesn’t Make Driver Competent to Drive Two Wheeler(15.02.2023)
Delhi High Court while setting aside award passed by MACT refusing to grant recovery rights to Insurance Co. against driver/owner of two-wheeler invol.....
Tags : Delhi High Court, License, Recovery, Insurance
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
Supreme Court: Appointment of Surveyor by Insurer is Not Waiver of Condition Relating to Intimation(22.08.2018)
Supreme Court has held that insurer is not estopped from raising a plea of violation of the condition relating to delay in intimation warranting a rep.....
Tags : Supreme Court, Insurance
Gau HC: Insurance Co. Not liable to Pay Compensation for Death of Gratuitous Passenger(20.03.2023)
Gauahti High Court has held that Insurance Company is not liable to pay compensation for the death of gratuitous passengers travelling in goods vehicl.....
Tags : Gauahti High Court, Compensation, Gratuitous Passenger, Insurance Company
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
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
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
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
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
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
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
Delhi HC: Medical/Health Insurance Essential Services During COVID(10.05.2021)
Delhi High Court has observed that the employees of insurance companies cannot be restrained from free movement, as their movement is essential during.....
Tags : Delhi High Court, Medical/Health Insurance
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
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
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
#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
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
Bombay HC: BCCI Liable to Pay Employees Contribution Under ESI Act(30.06.2022)
Bombay High Court has held that Board of Control for Cricket in India (BCCI) is engaged in commercial activities and earning profits from the same and.....
Tags : Bombay High Court, Employees State Insurance, BCCI
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
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
SC: Claims of Insurance Can't be Rejected on Definitions of Terrorism(03.05.2022)
Supreme Court has ruled that the parties, including insurance firms, cannot rely on definitions of terrorism in various penal laws to reject insurance.....
Tags : Supreme Court, insurance firms, terrorism
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
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: 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
J&K: Insurance Company Bound to Pay the Claim Against the Sum Insured(18.10.2024)
J&K High Court has observed that the Insurance Company is bound to pay the claim against the sum insured. It is not the business of the Insurance Comp.....
Tags : J&K High Court, Insurance Company, Sum Insured
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