This chapter gives a background on insurance and insurance contracts as methods of managing risks and as a protective financial mechanism. It looks at legal concepts of insurance contracts as u...

Utmost good faith, or uberrima fides, is a contract law principle, especially critical in insurance, requiring full honesty and disclosure between parties. It mandates transparency, with both p...

Sports betting and gambling are not very recent trends in India. The culture of betting dates back to the ancient times. In the epic Mahabharata, the King Yudhishthira gambled away his kingdom,...

Insurance is a mechanism through which the persons exposed/vulnerable to the potential risk, arising out of events that are not in control of that particular person. In such a situation accordi...

Notification No.: F. No. IRDAI/Reg/7/201/2024 Date: 20th March 2024 Dear Friends, IRDAI on recommendations of Regulations Review Committee and after considering suggestions received from var...

In an era dominated by technology, research, and extensive data banks, our lives are increasingly intertwined with applications and devices that monitor and record our every move, from fitness ...

The Principle Of Retrospectivity Of JudgmentsA retrospective (from Latin retrospectare, "look back"), generally, is a look back at events that took place, or works that were produced, in the past...

Nature Of Insurance: The Insurance is a contract. Thus all the essentials of contract must be fulfilled. The Insurance contract should be based on the subject matter which has an Insurable ...

The present study is intended to focus on the rights of victims of motor accidents in India. The purpose of this study is to understand a better aspect regarding the rights of those victims who...

Employees' Compensation Act, 1923 (called Workmen Compensation Act, 1923 before the amendment of 2009) for compensation for injury / death caused to "employees" by accident arising out of and i...

Before deliberating on the subject, it would be trite to refer to Section 161 of The Motor Vehicles Act, 1988 which reads as under: 161. Special provisions as to compensation in case of hit an...

In recent years, the relationship between the Consumer Protection Act (CPA) and the insurance industry has drawn a great deal of interest and criticism. The insurance sector is essential in pro...

In this research article, we focus on the concept of 'reverse onus', which refers e shift in responsibility of proving innocence or guilt from the accuser to the accused. This topic has signifi...

Concept of mutual funds in IndiaThe name itself suggests that a 'Mutual fund' is like an investment channel that helps several investors to combine their resources to purchase stocks, bonds, an...

Question of Law "Whether the Insurance Company can be held liable to answer the claims of persons who are either "Unauthorized Passengers" or "Gratuitous Passengers" in a "Goods Vehicle"? I...

In India, mental health is usually neglected, if not explicitly demeaned. Mental health should not be taboo in today's fast-paced, intensely competitive society since it is just as vital as phy...

The human-life technique is a formula for determining the amount of insurance coverage required in the event of a fatality. The method bases the calculation of the insurance cover amount on the...

A life insurance policy is an agreement between the policy owner (the insured) and the insurer (the insurance enterprise), whereby the insurer agrees to pay the designated beneficiary a certain...

The insurance Ombudsman is an alternative dispute resolution forum set up to resolve disputes relating to insurance contracts. Established in 2000, under the Public Grievance Redressal Rules of...

Sports betting is a lucrative industry with great revenue potential. It is a flourishing industry that is constantly expanding and many investors are looking to enter the market by launching th...

Insurance as a sector received impetus by the nationalisation of the Life Insurance Corporation of India in 1956 and henceforth by the passing of this Act. With time, in 1999, as the global eco...

The very foundation of the Insurance Industry as a risk-pooling social system is based on two theories - The Theory of Probability and the Theory of Cooperation. Insurance law as a branch of la...

An unfortunate incident can occur anytime which is why insurance is required. Insurance can help a person to be prepared for any future financial losses and to cover their needs for lifetime. I...

What Is General Insurance Any non-life insurance including medical, automobile, or a certain piece of painting, and nowadays even mobile phone insurances come under the ambit of the General In...

The significance of the insurance sector in the macroeconomic improvement of an economy is very much recognized. The part of insurance exercises in macroeconomic advancement discovers perhaps t...

The Doctrine of Uberrima fidesis is the primary doctrine that governs insurance contracts. The Latin phrase 'Uberrima fidesis' means "utmost good faith". The parties to an insurance c...

The theft has occurred and the FIR was lodged immediately by the insured with the police station who in turn submitted the untraced report. After 5 months from date of theft, the insured filed cl...

Health is a fundamental right covered under Article 21 of The Indian Constitution thereby its accessibility and affordability must be guaranteed. Healthcare in India is undergoing massive trans...

Life insurance has become virtually ubiquitous in wealth planning. It is flexible, can be adapted to a wide range of purposes, enjoys very favourable tax treatment in most if not all jurisdic...

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...

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...

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...

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...

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...

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...

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 ...

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 ...

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...

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...

The Study of Principle of Indemnity with respect to Insurance is of much importance as insurance is a Social security and Indemnity in insurance compensates the beneficiaries of the policies for ...

Explained herein with Case laws the Relation between Indemnity and Insurance-whether insurance contracts are contracts of indemnity According to section 124 of the Indian Contract Act, a contrac...

Principle of Insurable Interest:Insurable interest meansan interest which is protected by a contract of insurance. This interest is considered as a form of property in the contemplatio...

State Insurance Regulator Taking an insurance company to court should be used as a last resort as it can tie up a claim in court for many years and seriously delay receiving needed funds to repla...

Warranty means a statutory warranty, a warranty by which the assured undertakes to do or not to do a particular thing, or satisfy a particular condition and whereby he affirms or negates the exis...

A Hybrid insurance product is basically a combination of two insurance products which may include few featured of financial instrument, however not necessarily accessing the capital market. A v...

Motor accidents are a fairly commonplace occurrence in our daily lives. Motor accidents occur very frequently and lead to considerable loss of life and property. To cover such accidents and make ...

Hon'ble Justice Pratibha M Singh stated Can't Exclude Genetic Disorders in Insurance Policy High Court of Delhi on 26 February directed the Insurance Regulatory Development Authority of India ...