Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Legal Briefs

THE INSURANCE TIMES

|

October 2025

Insurer to pay crash victim's kin Rs. 2.5 crore

A motor accident claims tribunal has directed an insurance company to pay Rs 2.52 crore to the family of a man who died in an accident in Okhla in May 2023.

Presiding officer Shelly Arora observed, "In a case of death, the legal heirs of the claimants cannot expect a windfall. Simultaneously, the compensation granted cannot be an apology for compensation."

Yaseen Khan was a 30-year-old senior resident doctor earning Rs 1.4 lakh per month. He was survived by two minor sons, his wife and parents. Another son was born four months after his death.

Considering the testimony of an eyewitness, the tribunal ruled that rash driving by the bus driver caused the accident. "It is a well-established legal principle that... the facts and circumstances must be considered in a broad and practical manner. It is also settled that proceedings under Motor Vehicles Act are different from regular civil suits and are not strictly governed by the technical rules of Indian Evidence Act," it said.

PLUS D'HISTOIRES DE THE INSURANCE TIMES

THE INSURANCE TIMES

GST 2.0 Reforms: What They Mean for the Life Insurance Industry and Consumers

The Indian insurance industry has long been advocating for rationalisation of Goods and Services Tax (GST) on life and health insurance products. With the rollout of GST 2.0 reforms, expectations are high that the sector will finally receive much-needed relief and structural clarity. The reforms aim to simplify compliance, widen the tax base, and rationalise rates—moves that could significantly alter how insurers price products and how consumers perceive insurance as a financial tool.

time to read

3 mins

October 2025

THE INSURANCE TIMES

Building a Risk-Aware Culture at AIG Post-2008 Crisis

What is Risk Culture?

time to read

6 mins

October 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Unrealised Potential: Rural Insurance in India

Rural insurance penetration remains low due to several factors. Products typically cater to urban areas, but prices often fail to account for irregular income cycles, and distribution channels lack local trust and durability.

time to read

4 mins

October 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

World's First Insurance Salvage Patent: Transforming Accident Recovery into Safety Innovation

The patent's implementation is projected to save lives through prevention of untimely deaths and disabilities. By ensuring transparent disclosure of accident history and repair quality, the system reduces the likelihood of compromised vehicles causing subsequent accidents.

time to read

6 mins

October 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Redressal of grievances under the Liability Insurance : An overview

As public liability insurance became integral to modern business risk management, the expectation was that insurers would offer not only financial protection but also prompt and fair resolution in times of distress. However, the ground reality often paints a different picture. Despite purchasing policies with the intent of securing peace of mind, many policyholders-particularly small businesses- experience frustration and uncertainty when filing claims.

time to read

14 mins

October 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Bridging the Trust Gap: Why Insurers Need an Internal Ombudsman

The Reserve Bank of India (RBI) has already introduced an Internal Ombudsman Scheme for banks, requiring all banks to designate an independent officer to address escalated consumer complaints. If appropriate, insurance regulators may implement a similar model for the sector.

time to read

8 mins

October 2025

THE INSURANCE TIMES

29th FAIR Conference 2025 to be Hosted by GIC Re in Mumbai Media Partner: The Insurance Times

The insurance and reinsurance fraternity will gather in Mumbai from 5th to 8th October 2025 for the 29th FAIR (Federation of Afro-Asian Insurers and Reinsurers) Conference, hosted by GIC Re. Themed \"Emerging Markets Towards Resilient Growth\", this year's edition will focus on strengthening cooperation, resilience, and innovation across Afro-Asian markets.

time to read

1 mins

October 2025

THE INSURANCE TIMES

Do's and Don'ts for Purchasing Marine Cargo Insurance in India

Do’s (Things You Must Do)

time to read

3 mins

October 2025

THE INSURANCE TIMES

Insurance Regulator Update

Ajay Seth takes charge as IRDAI chairman amid key sector reforms

time to read

4 mins

October 2025

THE INSURANCE TIMES

Legal Briefs

Insurer to pay crash victim's kin Rs. 2.5 crore

time to read

2 mins

October 2025

Listen

Translate

Share

-
+

Change font size