India: Insurance Laws and Products

In a significant decision, the Supreme Court of India in The Royal Sundaram Alliance Insurance Company Limited v. Smt. Honnamma & Ors upheld the High Court's direction...

On 28 April 2025, The Advertising Standards Council of India (ASCI) has issued a press release (Press Release) on its website, indicating an update to the ASCI Guidelines for Influencer Advertising in Digital Media (Guidelines) in the domain of health, nutrition, and financial services (Addendum II).

Maritime law, traditionally rooted in international customs and conventions, has evolved significantly in India to accommodate the growing complexity of global trade, shipping operations, and port infrastructure.

With the IRDAI's vision of "Insurance for All by 2047" driving the regulatory overhaul, 2024 has been a pivotal year for the insurance sector, particularly for Insurers.

Aptec entered into a contract with the Ministry of Defence for the supply of mountaineering boots for the defence forces. The Ministry received the goods and after inspecting them, it made a payment on account to Aptec.

This newsletter captures the key regulatory developments in the insurance sector between January 2024 – March 2024.