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The Hon'ble Bombay High Court ("HC") in a recent judgment has granted a temporary injunction to HDFC Life Insurance Co. Ltd. ("Applicant") against an unidentified individual...

While taking an insurance policy in 1933, Dunn knew that her husband (who was going to use her car) was a dangerous driver. Yet, she hid this fact from her insurance company.

During a recent visit to Japan, the Finance Minister emphasised that building infrastructure and attracting investments will be the key focus areas for India to emerge as a developed nation...

By way of an Order of 10th June 2016, the IRDAI set up a committee to evaluate the risk based capital approach and market consistent valuation of liabilities of Indian insurance business.

On 13 October 2022, the Insurance Regulatory and Development Authority of India had released an exposure draft on the IRDAI

On October 4 2012 the Cabinet approved an increase in the cap on foreign investment in the insurance and pension sectors from the existing 26% to 49%.

In a significant ruling, the Supreme Court of India has held that an insurance company is entitled to pay compensation to victims of road accidents involving hazardous materials and subsequently recover the amount...

The Motor Vehicles Act of 1988 functions as a critical piece of beneficial legislation, designed to provide immediate financial succor to the dependents of victims of fatal road accidents.

It is well settled law that remedies under writ jurisdiction, intended to secure the performance of public or statutory duty, are generally only available against the State, as defined in Article...

CCI was unduly reliant on internal notings of 4 PSU insurance companies in the bid-rigging case.

In furtherance of the Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024 issued by the Insurance Regulatory and Development Authority of India...

The Insurance and Regulatory Development Authority of India (IRDAI) has formally withdrawn its guidelines on Indian ownership and control dated 19 October 2015 (IOC Guidelines)

The Osmanabad District Collector in Maharashtra sought to recover ₹374.6 crores (~USD 45M) from Bajaj Allianz (BAGIC) under the Maharashtra Land Revenue Code...

On 22 May 2018, the Central Government issued a notification by which the scale of compensation for third party fatal accidents and injury claims under the Second Schedule of the Motor Vehicles Act 1988 (MV Act) was amended.

The Indian insurance sector has witnessed a plethora of changes in the last decade. The latest change proposed to be introduced to the insurance regulatory regime is increasing of the FDI limit in insurance companies from the current 74% to 100%.

In 2019, a number of pharmaceutical companies proceeded against GIC Re before the Delhi High Court to challenge the revision of reinsurance premium rates.

India's insurance industry is on the brink of transformative changes with the anticipated introduction of the Insurance Amendment Bill (the "Bill")...