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THE INSURANCE TIMES

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July 2025

Flier compensated for lost baggage: What does this 'landmark' verdict mean?

The Delhi State Consumer Commission last month asked low-cost airline SpiceJet to pay Rs 2 lakh compensation to a passenger for losing his checked-in baggage that contained gold jewellery and expensive clothes. Legal experts believe the case could shape how airlines handle compensation claims.

"This case holds significant importance for consumers, particularly concerning their rights when engaging with service providers such as airlines. It firmly establishes that service providers cannot unilaterally impose terms and conditions without ensuring they are adequately brought to the consumer's notice," said Chirag Gupta, associate partner at law firm Alpha Partners.

Gupta said the airline failed to show that liability-limiting conditions were properly disclosed. "This judgment reaffirms a fundamental duty of care upon service providers for goods entrusted to them, acting as bailees," he said.

WEITERE GESCHICHTEN VON THE INSURANCE TIMES

THE INSURANCE TIMES

THE INSURANCE TIMES

"Our focus is on expanding beyond metro cities and strengthening our presence in district-level and underserved markets across India.With a strong agency network, hospital partnerships, and digital capabilities, we are working towards building a pan-India presence."

Mr. G. Srinivasan has over 4 decades of successful experience in General Insurance Industry across various regions of India and abroad in all facets of insurance sector.

time to read

9 mins

June 2026

THE INSURANCE TIMES

Legal Briefs

Maa Danteswari Cold Storage, a partnership firm established in 2008, had obtained a standard fire and perils policy from Reliance General Insurance for the period November 30, 2009, to November 29, 2010.

time to read

2 mins

June 2026

THE INSURANCE TIMES

IRDAI Corner

With a view to strengthening the effectiveness of the Insurance Ombudsman mechanism and aligning it with the evolving expectations of the Authority and the rapidly changing insurance landscape, the Council for Insurance Ombudsmen (CIO), under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI), is conducting an “Orientation Programme for Insurance Ombudsmen” from 20th May to 23rd May, 2026 at IRDAI Headquarters, Hyderabad.

time to read

3 mins

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Profits Lie in the Safety of Policyholders

Insurance companies are not profit-making companies alone. Can, for example, the police department exist for making profit? Can the Department of Agriculture think of making a profit? They are service-oriented industries, not profit-oriented industries.

time to read

6 mins

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Insurance Policies cannot be Illusory: The Supreme Court's approach to Marine Insurance Warranties

The insured argued that the insurer knew, or should have known, that the insurance policy covered the monsoon or foul weather period. Therefore, the insurer should not reject the claim on the ground that the voyage took place during bad weather.

time to read

13 mins

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Session on Legal Preparedness for Insurance Surveyors by IIISLA, Kolkata

Dr. Rakesh Agarwal, Director, RMAI and Editor, The Insurance Times, delivered a session on \"Legal Preparedness for Insurance Surveyors\" at the West Bengal Chapter training programme in Kolkata.

time to read

1 min

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

International News

Tokio Marine Holdings expects steady premium growth and stronger shareholder returns over the next few years, supported by pricing increases in Japan and the US.

time to read

2 mins

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Water Damage Restoration: A Smarter Approach to Reducing Insurance Losses

Water damage is no longer limited to floods alone.

time to read

1 min

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Global Insurance Sector Strategic Analysis: Major Points in Capital, Technology, and Regulation (Q3-Q4 2025)

The global market has been notoriously hard over the last five years, due to pandemic-related losses, supply chain disruptions, and an outflow of reinsurance capital. But it was Q3 2025 that put an absolute stop to this cycle and the beginning of a new, more paradigm-shifting, softer one.

time to read

15 mins

June 2026

THE INSURANCE TIMES

THE INSURANCE TIMES

Life Insurance News

SBI Life Insurance reported a marginal 1.1 per cent decline in net profit to Rs. 804.6 crore in the January-March quarter of FY26 compared to Rs. 813.5 crore in the corresponding quarter last year.

time to read

4 mins

June 2026

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