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By Shubhangi Pathak, Priya Misra
The IRDAI RS Guidelines provide guidance on the operational issues pertaining to the regulatory sandbox.
By Aditya Gupte, Shriya Luke
The Arbitration and Conciliation Act 1996 was recently amended by the Arbitration and Conciliation (Amendment) Act 2019 and certain key reforms have been introduced.
By Saurajay Nanda, Varun Loonkar
Given this judgment, corporate debtors will now need to be prompt in raising any disputes they have pertaining to claims made on them by Operational Creditors.
By Shubhangi Pathak, Priya Misra
Over the years, the emphasis of Indian market regulators has been towards increasing regulation of market participants, often primarily focussed on safeguarding the interests of customers.
By Mandakini Khanna, Siddharth Mishra
In the case of Sorout Mushroom Farm v NIC & Ors [ ] (decided on 16 April 2019), the National Consumer Disputes Redressal Commission provided some useful guidance in relation to the claim assessment by an IRDA licensed Surveyor.
By Shubhangi Pathak, Anuj Bahukhandi
The individual customer may also export such data in a structured format.
By Celia Jenkins, Anuj Bahukhandi, Nimisha Srivastava
The IRDAI in the opening half of the 2019-20 financial year has introduced or proposed significant changes to the presently existing insurance regulatory framework, by way of norms providing guidance on policyholder communications, ...
By Shubhangi Pathak, Priya Misra
The provisions of the Insurance Act 1938 (Insurance Act) provide guidance on certain conflict of interest situations.
By Neeraj Tuli, Mandakini Khanna
In the case of Reliance Life Insurance Ltd & Anr v Rekhaben Nareshbhai Rathod[ ] (decided on 24 April 2019), the Supreme Court of India has extensively dealt with the Insured's disclosure obligation.
By Celia Jenkins, Anuj Bahukhandi, Swathi Ramakrishnan
All other applicable terms and conditions shall be incorporated in this part.
By Celia Jenkins, Anuj Bahukhandi, Nimisha Srivastava
The Regulatory Sandbox Report recommends the creation of a core Sandbox Committee.
By Naval Sharma, Madhav Misra
It is common practice that insurers ask insureds to sign a Discharge Voucher (DV) at the time of settling a claim under the Policy.
By Madhav Misra, Arjun Masters
The Bill was passed by the Lok Sabha on 4 January 2019 but it could not be cleared by the Rajya Sabha prior to the expiry of this year's budget session of Parliament.
By Shubhangi Pathak, Anuj Bahukhandi
By way of an update, the IRDAI has notified the IRDAI (Insurance Brokers) (First Amendment) Regulations 2018 (First Amendment).
By Priya Misra, Nimisha Srivastava, Shubhangi Pathak
The Aadhaar and Other Laws (Amendment) Bill 2018 (Aadhaar Bill) was recently passed in the Lok Sabha.