High Court expresses concern over steep increase in premium of insurance policies for advocates
4 years, 3 months ago

High Court expresses concern over steep increase in premium of insurance policies for advocates

The Hindu  

The Delhi High Court has expressed concern over the sudden “steep” increase in the premium of insurance policies by government companies for lawyers and said this would completely defeat the purpose of the Chief Minister’s Advocates’ Welfare Scheme. The court perused a status report filed by the Delhi government, which showed that after the opening of the financial bids for the policies, the insurance companies have substantially increased the amount of premium and reneged on their earlier quotations given in November and December last year. All you need to know about Coronavirus Health Insurance covers Justice Singh said an endeavour shall be made by the LIC to find a solution to ensure that the premium of the life insurance policies is not increased to such a high level, compared to what was given in November and December, 2019. It has said that through a Cabinet decision of December 17, 2019, the Delhi government decided to provide a medical insurance of ₹5 lakh and a term insurance of ₹10 lakh to lawyers, who are residents of the national capital, under the Chief Minister’s Advocates’ Welfare Scheme.

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History of this topic

Term insurance premium set to rise up to 40% from December 2021 | Know why
3 years, 1 month ago

Term insurance premium set to rise up to 40% from December 2021 | Know why

India TV News  

Term insurance policy premiums are set to hike anywhere between 25 per cent to 40 per cent as reinsurers tightened underwriting norms in the wake of the Covid-19 pandemic. About 140,000 Co­vid-related claims have been made so far, amounting to Rs 12,948.98 crore, of which 93.57 per cent by volume and 85.42 per cent by value were settled, a Business …

Medical/Health Insurance Essential Services During COVID, Employees Of Insurance Companies Can't Be Restrained From Free Movement: Delhi HC
3 years, 7 months ago

Medical/Health Insurance Essential Services During COVID, Employees Of Insurance Companies Can't Be Restrained From Free Movement: Delhi HC

Live Law  

Underlining that medical insurance and health insurance services are essential services during the COVID-19 pandemic situation, the Delhi High Court on Thursday observed that the employees of insurance companies cannot be restrained from free movement, as their movement is essential during the situation of a pandemic. Court's observations At the outset, the Court opined that to the extent that the …

Insurance Scheme For Advocates Will Be Defeated By The Steep Rise In Premium Amount: Delhi HC Directs Companies To Come Up With Better Solutions [Read Order]
4 years, 3 months ago

Insurance Scheme For Advocates Will Be Defeated By The Steep Rise In Premium Amount: Delhi HC Directs Companies To Come Up With Better Solutions [Read Order]

Live Law  

Delhi High Court has directed the Life Insurance Corporation and New India Insurance Company to hold meetings with the Technical Evaluation Committee and the Bar Council of Delhi to address the issue of steep increase in the premium rate for the Chief Minister Advocates Welfare Scheme. The Single Bench of Justice Prathiba M Singh has also directed the said insurance …

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