Latest from Insurance laws

Analysis of Insurance Ombudsman Scheme In India

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Insurance is like marriage. You pay, pay, pay, and you never get anything back Introduction: The institution of ombudsman was first established in Sweden 1809. Ombudsman is...

A Brief Analysis Of The Principle Of Indemnity With Respect To Marine Insuran...

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Abstract The primary objective of an insurance contract, which is based on the idea of the Principle of indemnity, is to cover for losses. According to the above principle, the key and intrin...

Insurance products and indemnity

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Life is full of risks and unpredictable events and it is important to duly safeguard yourself from these happenings which could cost you heavily both financially and mentally. Thus, insurance p...

Indemnity vs. Guarantee

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While the idea of indemnity (repayment) and guarantee (assurance) vary on a few issues, the two of them remain methods of pay with covering principles. This paper scrutinizes both the similitud...

A detailed analysis on Insurance Ombudsman rules, 2017

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Insurance is full of risks, but excluding the risks undertaken by the insured and the insurer, certain technicalities shall be covered in this due process by the insurance regulatory developmen...

Role Of An Agent

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The article examines the characteristics and role of an agent under the Indian Contract Act, 1872. An area of the paper likewise distinguishes between agency and dealership, and how a dealer wh...

Good Faith and Application Of Uberrima Fides in Insurance and related contracts

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In all the laws relating to contracts, the pressing covenant of good faith and the way to be dealing in a fair manner is just a presumption that the parties subject to that particular contract ...

Suppression Of Facts Made In Proposal Form Will Render Insurance Policy Voida...

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The Hon'ble Supreme Court, in Civil Appeal No. 3397 of 2020 titled titled Branch Manager, Bajaj Allianz Insurance Company Ltd. & Ors. Vs Dalbir Kour, decided on October 09, 2020 observed that a P...

Medical Insurance For Mental Treatment: Legal Angle

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the whole world is developing a slew of measures to cope up with COVID-19, India is not left untouched with the increasing number of cases day by day with rising death tolls. India as a country h...

A Critique On Yashaswini Health Insurance Policy Under Insurance Law

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Insurance is a method of spreading over many persons a possible financial loss serious about being conveniently borne by the individual. The essential elements of the Insurance are to shift the b...