Category: Insurance
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, …
Further Extension of dates for renewal of health and motor vehicle third party insurance policies installments due to lockdown Earlier the Government had extended the installments which were falling due for renewal from 25.03.2020 to 14.04.2020 MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, …
In Motor Accident Claims income must be determined on the basis of the income tax return, where available. – Supreme Court held that the ITR is a statutory document on which reliance may be placed to determine the annual income of the deceased. ABCAUS Case Law Citation:ABCAUS 3193 …
Depreciation to be computed only on sum insured in the absence of fraud, coercion or misrepresentation. Parties in insurance contract bound by sum insured – SC ABCAUS Case Law Citation: ABCAUS 2760 (2019) (01) SC Important Case Laws Cited/relied upon by the parties Sikka Papers Limited v. National Insurance …
