India: Supreme Court: Judgement- Saurashtra Chemicals Ltd. (Presently known as Saurashtra Chemicals Division of Nirma Ltd.) VERSUS National Insurance Co. Ltd.
It is a settled position that an insurance company cannot travel beyond the grounds mentioned in the letter of repudiation. Link to the judgement here ...
INDIA ; SUPREME COURT: NEW INDIA ASSURANCE CO. LTD. & ORS. APPELLANTS VERSUS M/S. MUDIT ROADWAYS RESPONDENT: JUDGEMENT
“In the realm of risk and uncertainty, individuals and organisations seek solace in the bastion of insurance – a covenant forged on the bedrock of trust. Trust serves as the cornerstone, forming the essence of the insurer-insured relationship. The fundamental ...
India: Arbitration Clause in General Insurance policies – IRDAI circular dated 27th October 2023
“I. All policies issued under the Retail Lines of Business shall not have any Arbitration Clause. II. All policies issued under the Commercial Lines of Business shall have an Arbitration Clause as under: “The parties to the contract may mutually ...
India: Insurance Policy – Non communication of exclusion clause – Judgement- Anju Kalsi VS HDFC Ergo General Insurance Respondents Company Limited and Another
“The terms of the insurance cover had to be specifically communicated to the account holder.” “unless the respondents were able to establish on a cogent basis that the special conditions of the policy which was issued by the first respondent ...
