Category: Insurance
Dependent mother of the deceased also entitled to compensation under Motor Vehicle Act – Supreme Court In a recent judgment Hon’ble Supreme Court has held that dependent mother of the deceased is entitled to compensation under Motor Vehicle Act as obligation of a child to maintain their parent …
In an accident chain, the liability under MV Act would pass on to the vehicle which was the root cause of the accident – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that if an insured vehicle hits another vehicle which in turn hits a …
Income Tax Return filed after death of the deceased can not be ignored for arriving at amount of compensation under Motor Vehicles Act In a recent judgment, the Hon’ble Supreme Court has held that Income Tax Return of the financial year in which accident took place but filed …
In case of difference in dates of birth between Aadhar Card and School Leaving Certificate, later is to be taken as proof of age – SC In a recent order involving claim under a motor accident case, Hon’ble Supreme Court has held that in case of conflict of …
Amount of compensation claimed is not a bar for Tribunal and High Court to award more than what is claimed, provided it is found to be just and reasonable In a recent judgment, the Hon’ble Supreme Court has enhanced the compensation in a motor vehicle accident claim holding …
SC holds car driver not guilty of accident as truck was parked on middle of highway at night In a recent judgment the Hon’ble Supreme Court reversed the finding of the High Court that car driver could have averted crash accident with the truck parked on the Highway …
Benefits of Employees’ State Insurance (ESI) Act 1948 extended to seven districts of Uttarakhand w.e.f. 1st April 2024 EMPLOYEES’ STATE INSURANCE CORPORATION NOTIFICATION New Delhi, the 18th June, 2024 No. N-17011/1/UK/2024-P&D—In pursuance of powers conferred by Section 46(2) of the Employees’ State Insurance Act, 1948 (34 of 1948), …
Foreign Investment (FDI) limit in Indian Insurance company increased to 74 percent. Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021 MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 19th May, 2021 G.S.R.337(E).—Whereas, certain draft rules, namely, the Indian Insurance Companies (Foreign Investment)Amendment Rules, 2021,were published in …
Every Saturday declared as public holiday for Life Insurance Corporation of India (LIC). Read Notification MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, 2021 S.O.1630(E).—In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central …
Insurance Appeal to Securities Appellate Tribunal Amendment Rules 2021. Procedure to be followed in defective appeal MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, 2021 G.S.R. 262(E).—In exercise of the powers conferred by sub-section (1) and clause (lb) of sub-section (2) of section 114, …