A significant judgment reinforcing policyholder rights in insurance contracts In a significant ruling that strengthens the rights of policyholders, the Jammu & Kashmir and Ladakh High Court has held that an insurance company cannot rely on a concealed or inadequately disclosed exclusion clause to reject a genuine insurance claim. The judgment reiterates a fundamental principle…
Stay updated with the latest insurance news in India as the sector undergoes major reforms, including 100 percent FDI proposals, the launch of Bima Sugam, rising cyber threats, market growth trends, and new consumer-friendly court rulings. Read this detailed, easy-to-understand analysis to stay ahead. Latest Insurance News in India: What’s Changing and Why It Matters…
Discover what impact damage covers in Bharat Griha Raksha policies and how it protects your property from unforeseen events. Read more to understand its benefits and exclusions. Impact damage is a crucial aspect of insurance coverage under the Bharat Griha Raksha policy, providing protection against unexpected physical collisions with your insured property. This article delves…
Life insurance is meant to provide financial security to beneficiaries after the policyholder’s passing. However, the process of receiving the insurance payout isn’t always straightforward. In this blog, we will delve into the intricacies of why you may be facing challenges in cashing your father’s life insurance check from the insurance company, especially if they…
In a recent development, Tim Bailey, the CEO of Zurich UK, has taken on the prestigious role of the president of the Association of British Insurers (ABI). The appointment of Bailey as the ABI president comes as a result of the governance changes implemented in 2021. He succeeds Barry O’Dwyer, the group CEO of Royal…
Washington, DC, experienced an unusual phenomenon on Thursday as a thick blanket of smoke, originating from Canadian wildfires, descended upon the city. The hazy air quality forced residents of the nation’s capital to take precautionary measures, choosing to stay indoors to avoid the unhealthy conditions. As a result, the typically bustling city saw reduced traffic…
In a heart-wrenching case, the Calcutta High Court has delivered a verdict stating that death caused by a mosquito bite is not covered under an accident insurance policy. The court reasoned that illness does not fall within the scope of accidental death, and a mosquito bite lacks the suddenness and shock required to be classified…
US weather agencies have recently announced the formation of an El Nino weather condition, which is expected to intensify until the winter months this year. This news coincides with the arrival of the monsoon in the Indian mainland, starting with Kerala. El Nino is characterized by abnormal warming of surface waters in the eastern and…