Articles for Insurance Policy

Chandigarh State Commission Holds New India Assurance Company Liable For Rejecting Insurance Policy Due To Unreliable Evidence
1 week, 5 days ago

Chandigarh State Commission Holds New India Assurance Company Liable For Rejecting Insurance Policy Due To Unreliable Evidence

Live Law  

The State Consumer Disputes Redressal Commission, Chandigarh presided by Justice Raj Shekhar Attri and Mr. Rajesh K. Arya held 'New India Assurance Company Limited' liable for rejecting the insurance policy of the complainant on the basis of unreliable evidence about alcohol consumption by the complainant. Brief facts: The complainant insured his Honda Jazz car for ₹4,80,000/- with New India Assurance …

Insurance Company State Commission Chandigarh Complainant Insurance Policy
Denial Of Insurance Claim Is Justified In Case Of Breach Of Insurance Contract By The Insured Person: Delhi State Commission
3 weeks ago

Denial Of Insurance Claim Is Justified In Case Of Breach Of Insurance Contract By The Insured Person: Delhi State Commission

Live Law  

Delhi State Consumer Disputes Redressal Commission ruled that denial of insurance claim by “United India Assurance Co. ltd.” is valid where the insured person violates the terms of insurance policy. A coram of President Sangita Dhingra Sehgal and Judicial member Pinki held that non-submission of requisite and essential documents,as per the terms of policy, by the Complainant for due assessment …

India Contract Policy Insurance Consumer Company Complainant
Chandigarh State Commission Holds Max Life Insurance Liable For Rejecting Insurance Policy Of Deceased
3 weeks, 1 day ago

Chandigarh State Commission Holds Max Life Insurance Liable For Rejecting Insurance Policy Of Deceased

Live Law  

The State Consumer Disputes Redressal Commission, Chandigarh presided by Justice Raj Shekhar Attri and Sh. Rajesh K. Arya held 'Max Life Insurance Company Limited' liable for rejecting the insurance policy of the deceased as there was no correlation between pre-existing medical history and reason for death. Brief facts: The deceased took a 96-month Group Credit Life Insurance Policy from Max …

Policy Insurance Life Company State Commission Chandigarh
[Motor Accidents] Non-Validity Of Driver's License Violates T&C Of Insurance Policy By Owner Of Offending Vehicle: Calcutta High Court
3 weeks, 5 days ago

[Motor Accidents] Non-Validity Of Driver's License Violates T&C Of Insurance Policy By Owner Of Offending Vehicle: Calcutta High Court

Live Law  

The Calcutta High Court has held that when a driver's license is invalid on the day of an accident, then it would be a violation of the terms and conditions of the insurance agreement by the owner of the offending vehicle, who allowed the driver to drive the vehicle without a valid license.Justice Ajay Kumar Gupta held: "Furthermore, when the …

Insurance Court Driver Driving Motor Accident Tribunal Date
Insurance commissioner prohibits policy cancellations for fire victims
3 months ago

Insurance commissioner prohibits policy cancellations for fire victims

LA Times  

A tattered U.S. flag hangs Sept. 11 on a Lake Elsinore property where a home and vintage cars were destroyed by the Airport fire. California Insurance Commissioner Ricardo Lara has barred insurance companies from canceling residential coverage of some 750,000 policyholders affected by the Airport, Bridge and Line fires. The order issued Thursday protects residents within the fire zones or …

Insurance Lara Insurance Commissioner California Insurance Homeowners Plan
Here’s Why Health Insurance is a Must for Senior Citizens
3 months, 2 weeks ago

Here’s Why Health Insurance is a Must for Senior Citizens

Hindustan Times  

As they say, ‘the elderly are quite like children’ and need special care, especially regarding their health. Understanding Senior Citizen’s Health Insurance PolicySenior citizen health insurance is a policy covering people aged 60 and above. Benefits of Health Insurance for Senior Citizens Here’s how a senior citizen health insurance policy proves beneficial — 1. Hospital costs A health insurance policy …

Healthcare Policy Insurance Medical Health Insurance Senior Citizens Hindustan Times
Power surge costs Byron Bay households hundreds of thousands and insurance headaches
4 months, 2 weeks ago

Power surge costs Byron Bay households hundreds of thousands and insurance headaches

ABC  

A cluster of households near Byron Bay is counting the cost of a major power incident that damaged hundreds of thousands of dollars worth of electrical appliances. Essential Energy confirmed 34 houses at Ewingsdale lost power on June 29, caused by fault in the power lines described as a "burnt neutral". Resident Amy Skene said she and her daughter were …

Energy Power Essential Surge Abc North Coast Appliances
SC revisits its own order: PUC not mandatory to renew car insurance
4 months, 3 weeks ago

SC revisits its own order: PUC not mandatory to renew car insurance

Hindustan Times  

New Delhi: The Supreme Court on Friday abolished its own directive issued in 2017 that made a valid pollution under control certificate mandatory for renewal of third-party insurance policy. In an order passed by a bench headed by justice AS Oka, it was held: “If said direction is allowed to be implemented in letter and spirit, it will have disastrous …

Delhi Court Pollution Application Car Insurance Passed Gic
Complete guide to travel insurance for Singapore: Benefits, coverage, and more
4 months, 4 weeks ago

Complete guide to travel insurance for Singapore: Benefits, coverage, and more

Hindustan Times  

Singapore remains a captivating destination for Indian travellers due to its proximity and diverse attractions. Coverage options available When selecting travel insurance for Singapore, consider tailored plans designed to meet specific needs: General travel insurance: Ideal for tourists and families, this plan covers a wide range of incidents including medical emergencies, trip cancellations, lost baggage, and more. Here's a comprehensive …

India Expenses Medical Indian Coverage Travel Insurance Trip
ITAT Half Yearly Digest: January To June 2024 - PART II
5 months, 1 week ago

ITAT Half Yearly Digest: January To June 2024 - PART II

Live Law  

Failure To Produce Share Certificate Is No Basis To Doubt Share Purchase Transaction: Mumbai ITAT Refers Art 265 Of Constitution Case Title: Shantaben Fathechand Mehta verses Income-tax Officer Referring to Article 265 of the Constitution of India, the Mumbai ITAT remanded the case to the file of AO with direction to verify factual aspects, pertaining to the purchase of the …

India Delhi Mumbai Kolkata Hyderabad Tax Customs
Surveyor's Report Can't Be Rejected Unless Arbitrary: NCDRC
5 months, 3 weeks ago

Surveyor's Report Can't Be Rejected Unless Arbitrary: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by Justice Ram Surat Maurya, allowed an appeal by United India Insurance and held that the surveyor's report in an insurance cannot be rejected unless proved to be arbitrary and unreasonable. Brief Facts of the Case The complainant, a poultry feed producer, stored raw and finished materials in a building insured by United …

Insurance Commission Insurer Claim United India Insurance
CAMSRep unveils Bima Central to manage insurance portfolio
6 months, 1 week ago

CAMSRep unveils Bima Central to manage insurance portfolio

The Hindu  

CAMSRep unveiled Bima Central, a one-stop platform for simplifying insurance portfolio management. Bima Central allows users to manage life, health and motor policies through their secure e-insurance account, said CAMS wholly owned subsidiary in a statement. “CAMSRep’s seven million eIA holders can immediately start using Bima Central for various services while other policy holders can initiate a new eIA on …

Central Cams Bima Bima Central
Gear Up for the Unexpected: 8 key factors to consider when buying car insurance
8 months ago

Gear Up for the Unexpected: 8 key factors to consider when buying car insurance

Live Mint  

In the ever-evolving landscape of auto insurance, finding the perfect coverage requires a thorough assessment of policy options. In addition to PAYD insurance, it's important to evaluate whether additional insurance features such as roadside assistance, rental car coverage, and accident forgiveness align with your needs and justify any potential increase in premiums. When evaluating insurance options, consider key factors such …

Coverage Claim Your Car Charging Car Insurance Consider Comprehensive Coverage
Now, individuals above 65 can buy health insurance policy. Check new rules
8 months ago

Now, individuals above 65 can buy health insurance policy. Check new rules

Hindustan Times  

Now, people above the age of 65 will be able to purchase new health insurance policies as the Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024, ANI reported. The insurers may design the health insurance policy products specifically for senior citizens, students, children, maternity, and any …

Health Age Senior Citizens Policies Insurers Health Insurance Policy Insurance Policy
ITAT Cases Monthly Round-Up: March 2024
8 months, 3 weeks ago

ITAT Cases Monthly Round-Up: March 2024

Live Law  

Filing Return By Due Date U/s 139 Is Mandatory For Political Party To Claim Exemption U/s 13A: Delhi ITAT Refuses To Stay Recovery Against Congress Party Case Title: Indian National Congress Verses Deputy Commissioner of Income Tax While holding the argument that an assessee is entitled to a stay on the recovery proceedings on payment of 20% of the demand …

Delhi Mumbai Kolkata Tax Income Tax Title Income Tax Act
Once Insurance Policy Is Assigned By Employer To Employee, Value Received By Employee Can't Be Taxed In View Of Sec 10(10D): Delhi ITAT
8 months, 3 weeks ago

Once Insurance Policy Is Assigned By Employer To Employee, Value Received By Employee Can't Be Taxed In View Of Sec 10(10D): Delhi ITAT

Live Law  

The New Delhi ITAT recently reiterated that once insurance policy is assigned by the employer to employee, the insurance policy gets converted into an ordinary policy, and in that case, the value received by employee would not be subjected to tax in view of section 10 of the Act. The Bench referred to the submission of the assessee that insurance …

Policy Insurance Delhi Case Act Bench Inr
6 Reasons Your Health Insurance Claims May Be Denied
9 months, 2 weeks ago

6 Reasons Your Health Insurance Claims May Be Denied

News 18  

Imagine facing a medical emergency or a sudden property loss, only to have your insurance claim denied. It’s crucial for policyholders to thoroughly understand their insurance policies, disclose all relevant information truthfully and follow the necessary procedures when filing a claim to minimise the risk of denial. Health insurance claims can be denied for various reasons and here are six …

Medical Health Insurance Claim Denied Insurance Policy
Is Deemed Transfer Of Motor Insurance Policy On Sale Of Vehicle Applicable Only To Third Party Risks? Supreme Court Refers To Larger Bench
9 months, 2 weeks ago

Is Deemed Transfer Of Motor Insurance Policy On Sale Of Vehicle Applicable Only To Third Party Risks? Supreme Court Refers To Larger Bench

Live Law  

In a significant development, the Supreme Court referred the issue of deemed transfer of the insurance policy upon transfer of vehicle ownership under the Motor Vehicle Act, 1988 to the larger bench after finding an inconsistency amongst two of its previous judgments.The Supreme Court referred the aforesaid issue to a larger bench after witnessing an inconsistency amongst its earlier rulings. …

Policy Court Transfer Party Company Vehicle Supreme
How to cut down on expenses with health insurance
11 months ago

How to cut down on expenses with health insurance

Live Mint  

Health insurance is a financial saviour but a lack of clear understanding of the terms and conditions can lead to some out-of-pocket expenses for the policyholder. When buying health insurance plans, people usually connect with insurance agents or sales professionals who are eager to close the deal and hence suggest plans depending on what the customer is willing to pay. …

Health Health Insurance Pay Hospital Room Rent Your Policy
Annual Digest of Arbitration Cases 2023- Supreme Court And High Courts (Part-1)
11 months, 2 weeks ago

Annual Digest of Arbitration Cases 2023- Supreme Court And High Courts (Part-1)

Live Law  

Supreme Court Arbitration Clauses In Unstamped Agreements Enforceable : Supreme Court 7-Judge Bench Overrules 'NN Global' Decision Case Title: In Re Interplay Between Arbitration Agreements Under The Arbitration And Conciliation Act 1996 And The Indian Stamp Act 1899 Curative Pet No. Besides the uncertainties listed above, the 10,000 MTs of Met Coke has admittedly not been sold till date and …

India Justice Delhi Supreme Court High Court Arbitration Court
How does third-party car insurance help?
1 year ago

How does third-party car insurance help?

Live Mint  

How does third-party car insurance help? —Name withheld on request Third-party insurance primarily addresses damages to bodily injury, fatal cases for the occupants travelling in the vehicle, and loss to any vehicle that you might have an accident with, as well as bodily injury or death of passengers of the said vehicle, any property that might be damaged due to …

Vehicle Cyber Cover Financial Protection Damages Insurance Policy
UPVAT Act | Family Entitled To Insurance Money Under Group Insurance Policy If Registration Valid On Date Of Death Of Registered Dealer: Allahabad HC
1 year, 1 month ago

UPVAT Act | Family Entitled To Insurance Money Under Group Insurance Policy If Registration Valid On Date Of Death Of Registered Dealer: Allahabad HC

Live Law  

The Allahabad High Court held that if registration under the Uttar Pradesh Value Added Tax Act, 2008 was subsisting on the day of his death, his family would be entitled to insurance claim under the Group Insurance Policy. The bench comprising of Justices Saumitra Dayal Singh and Surendra Singh-I held “If the deceased held a registration certificate prior to the …

Insurance Death Court Registration State Date Registered
15 clever tricks to cut the cost of your home insurance
1 year, 2 months ago

15 clever tricks to cut the cost of your home insurance

Daily Mail  

The average home insurance quote has soared by more than a quarter in the past year – the highest increase seen by insurance expert Consumer Intelligence since it started tracking prices in 2014. Emergency home protection can add approximately £40 to your annual insurance bill, while accidental damage protection can increase your premium by around 10 per cent, according to …

Premium According Cent Claim Sure Your Home Excess
What is hospital cash insurance and how does it benefit policyholders?
1 year, 4 months ago

What is hospital cash insurance and how does it benefit policyholders?

Live Mint  

In an era where healthcare costs are rising steadily, having adequate health insurance coverage has become essential for individuals and families. A hospital cash insurance policy is a specialized health insurance plan designed to provide policyholders with a fixed cash benefit for each day they are admitted to a hospital due to illness or injury. Daily cash benefit The daily …

Health Expenses Financial Hospital Insured Benefit Cash