INSURANCE LAW – MOTOR VEHICLES ACT – COMPENSATION PAYMENT – SUPREME COURT
I. COMMON ISSUES: 1. Whether the High Courts erred in law in granting compensation to the Claimants under the heads Read more
insurance law
Barrage of insurance rules to flood sector
The IRDAI is set to bring out a number of new rules to conform to the New Insurance Act Read more
Plugging the gaps in FDI in insurance
Before 1999, the insurance sector in India was nationalized. No private sector or foreign insurance companies were allowed. In 1999, the insurance law was amended, opening the market to private firms as well as joint ventures with foreign partners. The amended law permitted foreign direct investment (FDI) only up to 26% in an Indian insurance company. Read more
Limitation period is key to insurance claims Subject: Misinterpretation of judgment causes havoc in insurance cases.
Backdrop: The limitation period means the time within which a person must file his case before a judicial authority for exercising Read more