Mondaq Asia Pacific - India: Insurance
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. ...
King, Stubb & Kasiva
The Aurangabad Bench of Hon'ble High Court of Bombay in its judgement dated 15th April, 2019 in the matter of ‘SBI Insurance Company Versus Madhubala & Anr. ' has held that in case the cheque towards premium gets dishonoured;
Tuli & Co
All other applicable terms and conditions shall be incorporated in this part.
Tuli & Co
The Regulatory Sandbox Report recommends the creation of a core Sandbox Committee.
Tuli & Co
It is common practice that insurers ask insureds to sign a Discharge Voucher (DV) at the time of settling a claim under the Policy.
Trilegal
While warranty insurance is more common in some other markets like the US and Europe, it has recently gained pace in India. We discuss how warranty insurance works, its advantages as compared to traditional seller indemnities and its future in the Indian market.
Cyril Amarchand Mangaldas
The Insurance Regulatory and Development Authority of India (IRDAI) notified the IRDAI (Insurance Brokers) Regulations, 2018 (Brokers Regulations)
Tuli & Co
By way of an update, the IRDAI has notified the IRDAI (Insurance Brokers) (First Amendment) Regulations 2018 (First Amendment).
Nishith Desai Associates
Financial investors, including private equity investors are currently embracing a second wave of exits from investments in India.
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
The Insured then sent an arbitration notice.
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
The forms and design of life insurance products in India has been regulated through various guidance issued by IRDAI from time to time.
Khurana and Khurana
Plaintiffs are Israeli companies, engaged in the business of developing and providing inclusion scanning methods in rough diamonds and the Defendants
S.S. Rana & Co. Advocates
In this world, with full of uncertainties, individuals are often confronted with the threat of changing scenarios.
Tuli & Co
No commission/remuneration or rewards are payable to insurance agents/insurance intermediaries for the distribution of the Act Only long term policies.
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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.
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.
Cyril Amarchand Mangaldas
The Insurance Regulatory and Development Authority of India (IRDAI) notified the IRDAI (Insurance Brokers) Regulations, 2018 (Brokers Regulations)
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.
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.
Trilegal
While warranty insurance is more common in some other markets like the US and Europe, it has recently gained pace in India. We discuss how warranty insurance works, its advantages as compared to traditional seller indemnities and its future in the Indian market.
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 12th December 2018 the IRDAI (Re-insurance) Regulations 2018 (the "2018 Regulations") were notified.
Tuli & Co
The financial year 2017-18 has been an eventful year for the Indian insurance sector, with several landmark changes being introduced to the insurance regulatory framework.
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
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).
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