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Trust with Law

THE INSURANCE TIMES

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August 2023

Khaitan Legal Associates' website succinctly proclaims, "We are a value-driven law firm.

Trust with Law

Sakate Khaitan
"a sharp corporate lawyer with strong commercial acumen" Khaitan Legal Associates

We value Integrity, Committed listening, Compassion and Thought leadership. We can be counted on for being a lifelong, trusted, and solution-oriented partner. We are a new paradigm in the practice of law". The pioneer of this firm, Sakate Khaitan - the ebullient lawyer, lives up to every word and promise in the company of dynamic colleagues. Sakate's legal journey started in the 1990s. In September 2014, a 7-lawyer corporate law firm was set up, laying the foundation for a litigation practice. Today, it is a 3040 lawyers' firm with offices in London, Mumbai, New Delhi and Bengaluru. Insurance, Regulatory and Dispute Resolutions are some of the distinctive fortes of Sakate and his firm.

Suave and sophisticated Sakate began his career at St. Paul's School Darjeeling, where he completed his ICSE in 1989; completed his Higher Secondary at St.Xavier's College, Calcutta, in 1990 and went on to finish his LLB from SCLC, Calcutta University in 1990 and MBA from London Business School in 2003.

Besides being a Senior Partner with Khaitan Legal Associates, Sakate shoulders many other responsibilities. He is PrathamUK's Board Member & Chairperson; Director and Sr President of ECE Industries Ltd (A BK Birla group of companies) and Board Member Birla Institute of Management Technology (BIMTECH).

One can envy Sakate's humility as he is modest to a fault. An aficionado of golf and squash, Sakate also relishes writing. In a freewheeling interview with Prof. Abhijit K.Chattoraj, Sakate Khaitan candidly discussed issues close to his heart and unleashed many unknown facets of his chequered career.

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THE INSURANCE TIMES

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Epigenetic Clocks as Predictors of Mortality: A New Tool for Life Insurance Risk Stratification

Numerous cohort studies have validated the utility of epigenetic clocks in predicting all-cause mortality. For instance, accelerated epigenetic aging, where biological age exceeds chronological age, has been consistently associated with increased mortality risk (Marioni et al., 2015).

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THE INSURANCE TIMES

THE INSURANCE TIMES

Life Insurance News

Life insurers cut distributor commissions to pass on GST relief to customers

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7 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

Insurance Regulator Update

Irdai's Deepak Sood calls for new distribution model to expand rural insurance reach

time to read

2 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

Evaluating the Impact of the New Tax Regime on Motor Accident Compensation Awards

In India, compensation awarded under the Motor Vehicles Act majorly depends upon the income of the deceased (claimant- in case of injury), age and dependency. Since the compensation is calculated based on loss of income after the accident, it increases as the income rises.

time to read

4 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

A Comprehensive Risk Management Framework for the Insurance Industry

In the insurance industry, risk is not merely a challenge to overcome; it is the very commodity we trade. Therefore, a robust and sophisticated risk management framework is not just a matter of good governance but a core strategic imperative. It is the bedrock upon which an insurer builds its solvency, ensures compliance with a complex regulatory landscape, and ultimately achieves sustainable, long-term growth.

time to read

13 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

"The overall industry seems to have understood the need to change the attitude from selling what it has to what the customer needs. This realization has led to the development of add-ons and modular products which are quite flexible in nature."

About Mr. Lahiri - Mr. Samiran Lahiri is widely regarded as one of India's most accomplished insurance professionals and consultants, known for his strategic insight, deep technical acumen, and exemplary leadership across diverse domains of the insurance and financial services industry.

time to read

11 mins

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THE INSURANCE TIMES

Parametric Insurance - A Disruptive Model for Climate and Catastrophe Risk Management

Executive Summary - Traditional indemnity-based insurance models have long faced challenges in addressing the growing frequency and severity of natural disasters.

time to read

5 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

Safety Perspectives - The Greatest Happiness of Greatest Number

The salvage dealer has many things to pay for, many expenses such as transportation, electricity, rent, employee salaries, machinery, and more. Hence, the salvage dealer would certainly offer a daily prayer: 'Dear God, please bless me with at least 50 salvage cases today and every day'. He wants 50 accident cases every day! There is no harm in his prayer. It is perfectly logical on his part to pray.

time to read

7 mins

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THE INSURANCE TIMES

Do's and Don'ts While Buying a Term Insurance Policy

Do’s (Things You Must Do)

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4 mins

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THE INSURANCE TIMES

THE INSURANCE TIMES

Newton's Law - Another interpretation of Proximate Cause

The fire policy we know doesn't cover any loss or damage occasioned by, through, or in consequence of, directly or indirectly, an earthquake, volcanic eruption, or other convulsions of nature. An earthquake is an excluded peril, but loss by theft is an uninsured peril( other than as provided in the RSMDT clause).

time to read

7 mins

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