In one Mediclaim Hon’ble High Court of Delhi observed that Health Insurance Policy exclusionary clause related to ‘Genetic Disorders’ is too broad, ambiguous and discriminatory violating Article 14 of the constitution of India. Hence on the direction of High Court, IRDAI has on 19-03-2018 instructed all the Insurance companies that no claim in respect to existing health insurance policies shall...

  NCDRC dismisses plea of insurance firm says company ‘was expected to make a clear stipulation in the contract’ The National Consumer Disputes Redressal Commission (NCDRC) on February 15 upheld an order passed by the Haryana State Commission and dismissed a plea filed by National Insurance Co. Ltd justifying the repudiation of a claim for insurance cover on a stolen vehicle. The national...

According to a statement from Maersk Line, the MV Maersk Honam reported a serious fire in a cargo hold on Tuesday 6 March 2018 at 15:20 GMT while enroute from Singapore towards Suez, Egypt. Four crew members are missing. Twenty-three others have evacuated to nearby vessel an are safe. Search and rescue is underway for the four missing crew members. The...

As per the Road Transport Data in THE YEAR 2016, 480652 road accidents took place in India claiming 150785 Lives and serious injury to 494624 persons. Out of this about 30% of accidents involved two-wheelers. As per the survey by Exide Life Insurance more than 70% of Indian as a rider admitted to have ridden a bike without wearing helmet....

The International Chamber of Commerce (ICC ) published the 8th and current version of its International Commercial Terms, also known as INCOTERMS® on January 1, 2011. The revised rules, originally designated "Incoterms2010", contain a series of changes, such as a reduction in the number of terms to 11 from 13. The DAF, DES, DEQ, and DDU designations have been eliminated, while two...