Jald Rahat Yojana is an unique Pre-litigation Scheme for settlement of Third Party Motor Insurance Claim

Nature of Jald Rahat Yojana – The Jald Rahat Yojana came into with effect from 14 th March. 1992. This is a Pre-litigation Scheme for settlement of Third Party Motor Insurance Claims for motor accident victims.

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Explain the concept of Lok Adalat. Advantages of Lok Adalat Settlements from the viewpoint of insurance companies?

For the purpose of bringing  about  voluntary  settlement  of  disputes  Hon’ble  Shri  P.N.Bhagwati, the ex-Chief Justice of the Supreme Court,  conceived a unique concept of Lok Adalat or Lok Nyayalaya. 

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Various conditions under fire insurance policy

There are fifteen conditions in the policy. They are:

(1)  Voidable Condition: This condition provides that the policy shall be void able in the event of misrepresentation, mis-description or non-disclosure of any material particulars. This condition emphasizes the principle of utmost good faith.

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Concept of Liability without Fault” in motor insurance? How Motor Vehicle Act deals with without fault liability?

Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault. The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or default on the part of the owner of the vehicle or by any other person.

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