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 Law
Insurance Act, 1938—Section 39—Whether a nominee of a life insurance policy under Section 39 on the assured dying intestate would become entitled to the beneficial interest in the amount received under the policy to the exclusion of the heirs...
Whether the nominee specified in the National Savings Certificate, on the death of its holder, becomes entitled to the sum due under the certificate to the exclusion of all other persons?, or whether the amount of the certificate can...
Section Section 149(2)(a)(ii) -While hiring a driver the employer is expected to verify if the driver has a driving licence. If the driver produces a licence which on the face of it looks genuine, the employer is not expected...
An Act to provide for public liability insurance for the purpose of providing immediate relief to the persons affected by accident occurring while handling any hazardous substance and for matters connected therewith or incidental thereto.
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...
KEYWORDS :- Insurance-Fault Liability-Motor Accident Claim-Authorised person- DATE : January 19, 2018 ACTS:- Motor Vehicles Act, 1988-Sections 165 and 168 SUPREME COURT OF INDIA Pappu and Ors. Vs. Vinod Kumar Lamba and ANR. [Civil Appeal No. 20962 of 2017 arising out of...
KEYWORDS :- Consumer-Insurance policy- DATE :-January 10, 2018- Under-insurance basically means that the insured has taken out an insurance policy in which he has valued the insured items for a sum which is less than the actual value of...
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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