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Legal Briefs

THE INSURANCE TIMES

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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.

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THE INSURANCE TIMES

Pocket-friendly Premiums

Health and term insurance got a major boost with the recent GST rate revision.

time to read

3 mins

December 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Group Health and Accident Insurance: SMEs bet on health-related benefits to retain employees

Digital platforms have simplified issuance of the policies, premium collection and claims processing easier. Artificial intelligence enables staff to easily upload their hospital documents. After reviewing the documents, they can easily track an approval, and is returning their dollars owed much faster than without.

time to read

4 mins

December 2025

THE INSURANCE TIMES

Insurance Caselaws

In insurance claims, the NCDRC orders LIC to pay Rs. 6 Lakhs plus a bonus, stating that as a PSU, LIC must fulfill its obligations.

time to read

5 mins

December 2025

THE INSURANCE TIMES

IRDAI Corner

The Financial Sector Assessment Program (FSAP), a joint program of the International Monetary Fund (IMF) and the World Bank (WB), undertakes a comprehensive and in-depth analysis of a country’s financial sector.

time to read

5 mins

December 2025

THE INSURANCE TIMES

Do's and Don'ts While Buying a Whole Life Insurance Policy

Whole life insurance is a long-term financial protection tool that provides lifelong coverage, guaranteed benefits, and in many cases, cash value accumulation.

time to read

3 mins

December 2025

THE INSURANCE TIMES

The Circle of Insurance

Key standard safety features are that the Curvv comes standard with six airbags, Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD), Electronic Stability Control (ESC), and ISOFIX child seat mounts. Five-star rating for a car means it's almost a perfect car.

time to read

9 mins

December 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Gender Discrimination in the Insurance Sector in India

The growth of life insurance sector mainly depends on number of policies issued by life insurance companies and role of insurance agents. In case of life insurance sector, number of agents increased from 26.28 lakhs in 31.03.2023 to 28.95 lakhs in 31.03.2024.

time to read

5 mins

December 2025

THE INSURANCE TIMES

Policybazaar for Business examines Al's impact on clinical risk and medical accountability in its latest whitepaper

Artificial intelligence is increasingly making its way into healthcare as the next big force.

time to read

2 mins

December 2025

THE INSURANCE TIMES

Telematics in Motor Insurance - Driving the Future of InsurTech Innovation

The global motor insurance industry is undergoing a major transformation, driven by digital innovation and evolving customer expectations.

time to read

5 mins

December 2025

THE INSURANCE TIMES

THE INSURANCE TIMES

Interview with Dr. Prabina Rajib, Director, BIMTECH

Dr. Prabina Rajib, Director at the Birla Institute of Management Technology, is a distinguished academic with a Ph.D. in Finance from IIT Kharagpur.

time to read

5 mins

December 2025

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