In terms of Clause 5 of Guidelines on short term health insurance policies Ref: IRDAI/HLT/REG/CIR/156/05/2020 dated 23rd June, 2020, the policies issued under these guidelines will remain valid till 31st March, 2021.
Insurance
No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e. from the date of issuance of the policy or the date of...
An insurance contracts do not cover life risk or life insurance are called general insurance. 💡 General Insurance covers roughly : Motor Insurance Car Insurance Two Wheeler Insurance Commercial Vehicle Insurance Travel Insurance Overseas Travel Insurance Schengen Travel Insurance Student...
Surveyors Management Policy (SMP) of Public Sector General Insurance Cos. – Govt of India
16 min read
Government of India Department of Financial Services Insurance Devision F. No. G-14017/80/2014-Ins.II Dated : 04/09/2018 Survey and loss assessment is a key and critical component in Claims Management. Although the PSGICs already have guidelines relating to surveyors as part of...
Consortium- SC explained the meaning and held Motor Vehicles Act is a beneficial welfare legislation
2 min read
Consortium- SC explained the meaning and held Motor Vehicles Act is a beneficial welfare legislation
September 18, 2018: While granting Compensation in Motor vehicle accident case of death Supreme Court Held: The Motor Vehicles Act is a beneficial legislation aimed at providing relief to the victims or their families, in cases of genuine claims.
In legal parlance,...
September 05, 2018: MOTOR INSURANCE-Permanent disability should be reckoned as 67% to the whole body. However, after going through the evidence of the doctor who had treated the appellant and the medical records, we find that the assessment made...
It is an admitted
position that the deceased was the owner-cum-driver of the vehicle in question.
The accident had occurred due to the rash and negligent driving of the vehicle
by the deceased. No other vehicle was involved in the accident....
KEYWORDS:- Insurance- Fault-Nullity of Policy- The appellant who is the owner, was not at fault. His driver gave a lift to some passengers. Carrying such passengers may be a breach of the policy, but it cannot be said to...
Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board...
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