Insurers Archives

motor accident claim compensation loss of consortium

In Absence of Income Proof, Minimum Wages Act Governs Notional Income in Motor Accident Claims: Andhra Pradesh HC Enhances Compensation from ₹12.4 lakh to ₹16.92 Lakh

The Court allowed the motor accidents appeal and enhanced the compensation in a motor accident claim, by awarding 40 per cent additional income towards future prospects and ₹40000 to each claimant under the head of loss of consortium.

Legislation Updates Rules & Regulations

IRDAI (Expenses of Management of Insurers transacting General or Health Insurance business) Regulations, 2023

On 27-3-2023, the Insurance Regulatory and Development Authority of India (‘IRDAI’) notified the Insurance Regulatory and Development Authority of India (Expenses of

Legislation Updates Notifications

IRDAI | Obligatory Cession for financial year 2019-20 — Applicable to Indian Re-Insurers & Insurers as per provisions of S. 101 A of Insurance Act, 1938

F. No IRDAI/RI/3/154/2019— In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act,