Mondaq All Regions - India: Insurance
Tuli & Co
The IRDAI RS Guidelines provide guidance on the operational issues pertaining to the regulatory sandbox.
King, Stubb & Kasiva
In Alka Shukla V Life Insurance Corporation of India, the Hon'ble Supreme Court comprising of Justice D.Y. Chandrachud and Justice Hemant Gupta found that there was no evidence to show that any injury suffered ...
Cyril Amarchand Mangaldas
So far this year, Indian financial sector regulators have taken steps towards adapting financial sector regulations to encourage the use of new technology.
NovoJuris Legal
M&As and Investment transactions have been growing rapidly in India and there is no doubt that in such transactions allocating the risk of a breach is extremely important.
Khaitan & Co
The Union Budget 2020, announced on Friday, 5 July 2019, has proposed some significant changes for the insurance sector in India.
Cyril Amarchand Mangaldas
Around noon on Friday, July 4th, 2019, the Hon'ble Minister of Finance, in her budget speech to the nation, proposed revisions to the existing foreign investment caps applicable to insurance brokers and other insurance...
Tuli & Co
In the case of Sorout Mushroom Farm v NIC & Ors [ ] (decided on 16 April 2019), the National Consumer Disputes Redressal Commission provided some useful guidance in relation to the claim assessment by an IRDA licensed Surveyor.
Nishith Desai Associates
Arrangements with insurance corporate agents: The IRDAI is empowered to license intermediaries, such as insurance corporate agents for 3 years at a time
Phoenix Legal
The District Commission dismissed the complaint filed by the Respondent on the ground of the aforesaid non-disclosure.
Phoenix Legal
A complaint was instituted before the SDRC which allowed the claim of the Insured.
Tuli & Co
The IRDAI in the opening half of the 2019-20 financial year has introduced or proposed significant changes to the presently existing insurance regulatory framework, by way of norms providing guidance on policyholder communications, ...
Trilegal
The Indian Insurance sectors is one of the most dynamic financial services sectors with a sizeable presence and an attractive growth trajectory. We discuss key factors driving M&A activity in this sector along with some issues faced in concluding M&A deals.
Tuli & Co
The provisions of the Insurance Act 1938 (Insurance Act) provide guidance on certain conflict of interest situations.
M Mulla Associates
The Appellant has a showroom to its name in which watches are sold. In 2001, post operational hours, a theft occurred in the premises.
Cyril Amarchand Mangaldas
In the first part of this two part series we discussed about the regulatory frameworks governing insurance companies and insurance intermediaries.
Cyril Amarchand Mangaldas
A shift towards digitisation has been the central theme for the insurance industry in recent years.
King, Stubb & Kasiva
Uberrimae Fidei refers to a Latin phrase meaning "utmost good faith" and is the cornerstone of insurance contracts.
Khurana and Khurana
I was impressed by this question as I felt strong arguments can be raised from both side, and hence read about the issue in Depth.
Tuli & Co
In the case of Reliance Life Insurance Ltd & Anr v Rekhaben Nareshbhai Rathod[ ] (decided on 24 April 2019), the Supreme Court of India has extensively dealt with the Insured's disclosure obligation.
King, Stubb & Kasiva
The division bench of the Supreme Court of India comprising of Hon'ble Justice Dr. D.Y. Chandrachud and Hon'ble Justice Hemant Gupta, in its judgement dated March 26, 2019 in Branch Manager, National Insurance Co. Ltd. vs. ...
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Cyril Amarchand Mangaldas
So far this year, Indian financial sector regulators have taken steps towards adapting financial sector regulations to encourage the use of new technology.
Tuli & Co
A 5 Judge Bench of the Supreme Court in National Insurance Company Limited v Pranay Sethi, has laid down guidelines on the fixation of future prospects in cases of motor accidents for victims who are permanently employed, receiving a fixed salary, or self-employed.
Khaitan & Co
A full bench of the Hon'ble Supreme Court of India (the Court) in the case of United India Insurance Co. Limited v Hyundai Engineering and Construction Co Ltd & Ors has clarified that the observation of the Court ...
Tuli & Co
On 22 May 2018, the Central Government issued a notification by which the scale of compensation for third party fatal accidents and injury claims under the Second Schedule of the Motor Vehicles Act 1988 (MV Act) was amended.
King, Stubb & Kasiva
In Alka Shukla V Life Insurance Corporation of India, the Hon'ble Supreme Court comprising of Justice D.Y. Chandrachud and Justice Hemant Gupta found that there was no evidence to show that any injury suffered ...
Dr Vedula Gopinath Corporate Consultant
The doctrine Uberrimae Fidei is originated from English law to the formation of insurance contract. Principle of Uberrimae fidei (a Latin phrase), or in simple English words, the Principle of Utmost Good Faith, ...
Tuli & Co
On 12th December 2018 the IRDAI (Re-insurance) Regulations 2018 (the "2018 Regulations") were notified.
Tuli & Co
No commission/remuneration or rewards are payable to insurance agents/insurance intermediaries for the distribution of the Act Only long term policies.
Khaitan & Co
IRDAI has issued a circular ref. IRDAI/NL/CIR//MOTP/170/10/2018 dated 9 October 2018 (Revised Circular) providing certain clarifications regarding the implementation of Compulsory Personal Accident insurance for owner drivers.
Tuli & Co
Indian insurance laws have traditionally restricted distribution of insurance products to insurance agents and insurance intermediaries who have obtained the requisite license/registration from the Insurance Regulatory and Development Authority of India (IRDAI).
Shardul Amarchand Mangaldas & Co
The Regulations were keenly awaited by the Indian insurance sector and aim to keep at pace with the changing market dynamics.
Tuli & Co
Blockchain is a relatively new form of technology that acts as an incorruptible digital ledger and keeps a record of all data or transactions virtually.
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