Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Calcutta High Court has ruled that Income Tax Returns (ITR) are essential for calculating compensation in motor accident cases, enhancing the award to the family of a deceased doctor.
The IRDAI health insurance sub-committee recommends reforms aimed at simplifying policies and expediting claims processing. The adoption of the National Health Claims Exchange (NHCX) is also emphasized.
The Insurance Regulatory and Development Authority of India (IRDAI) has approved investments in NDB Maharajah INR bonds by insurers, subject to specific eligibility and rating criteria. This marks a significant regulatory change to bolster insurer investment portfolios.
The CESTAT has granted Shriram General Insurance a refund of Rs. 28.57 lakhs for KKC and SBC paid on cancelled insurance policies. This order emphasizes the eligibility for refunds in similar circumstances.
The IRDAI has announced the Policyholders’ Education and Protection Fund Regulations, 2026, detailing fund sources, utilization, and governance. This regulatory step is aimed at enhancing policyholder protection.
The IRDAI has addressed public comments on the draft Manner and Procedure for Imposing Penalties Regulations, clarifying terms and procedures for enforcement. This move aims to enhance accountability in the insurance sector.
The IRDAI has issued its responses to public comments regarding the Draft Actuarial, Finance and Investment Functions Amendment Regulations, revising them based on stakeholder inputs. Key modifications have been detailed.
The IRDAI has published a comprehensive summary of responses to public comments concerning the Draft Policyholders' Education and Protection Fund Regulations, 2026. The response addresses fund management and committee governance.
The Supreme Court established that the average income from the last three Income Tax Returns (ITRs) of self-employed individuals should be considered in compensation assessments, particularly in motor accident cases.
IRDAI has introduced draft regulations that emphasize due process and proportional penalties for enforcement actions in the insurance sector. The new rules aim to enhance procedural fairness.
IRDAI plans to replace the three-year licensing system for insurance surveyors and loss assessors with a perpetual registration model, contingent on annual fee payments. This draft amendment aims to simplify compliance regulations.
The Calcutta High Court ruled that an ITR filed before a claimant's death substantiates earning capacity, and deducting personal expenses by 50% was deemed erroneous. Bajaj Allianz General Insurance has been ordered to pay enhanced compensation.