Salasar Services

June 27, 2019
Statutory Requirement and Its Implication on Insurance Claim

Statutory Requirement and Its Implication on Insurance Claim

Sometimes, while dealing with insurance claims, Insurance companies and their deputed surveyors ask the Insured to confirm compliance of certain statutory requirements pertaining to the insurance […]
May 21, 2019
Understanding Reinsurance: Finite Reinsurance (Finite Re)

Understanding Reinsurance: Finite Reinsurance (Finite Re)

Risk transfer from an insurance company to a reinsurer can be achieved through reinsurance. The manner in which reinsurance is carried out has over the years […]
April 4, 2019

Delayed intimation of death of an insurance policyholder can’t be reason to deny claim

National Insurance Vs JAYA HARIKRISHNAN Delayed intimation of death of an insurance policy holder cannot be reason to deny compensation, the city consumer redressal forum has […]
April 4, 2019

Ombudsman directed National Ins to pay 8.4 lac with 12% interest

National Insurance Vs JAYA HARIKRISHNAN JAYA HARIKRISHNAN’S world fell apart on 11 August 1999. That was the day her husband, an employee in Apollo Tyres, Gurgaon, […]
March 4, 2019
Insurance Companies Can’t Make Unilateral Changes in Mediclaim Policies: Forum - the Times of India

Insurance Companies Can’t Make Unilateral Changes in Mediclaim Policies: Forum – the Times of India

In two separate cases, a consumer forum has held that unilateral changes made in a Mediclaim policy by the insurance company amounted to deficiency in service. […]
March 4, 2019

Right to Consignor to Sue

The consignor of goods filed a claim against the insurance company and transporter for damage caused by fire in transit. The insurer contended that – the […]
January 21, 2019

No FIR, post-mortem report needed for insurance claims for injuries at home

Ambalal, had been insured for Rs one Lakh underneath a group insurance theme of United India Insurance through the Kadi Taluka Madhyamik Shala Karmachari Dhiran Grahak […]
January 21, 2019

New India told to pay consumer Rs 75,000 for loss of the CNG kit

The New India Assurance Company Ltd (NIACL) has been directed by a consumer forum in Delhi to pay a policyholder Rs 75,000 for rejecting his claim […]
January 21, 2019

Reinsurance returns on money to be disintegrated by 2018 cat losses

The catastrophe misfortune action saw so far in 2018 might be adequate to guarantee that reinsurance organizations “return on capital in 2018 may not physically surpass […]
January 21, 2019

Fear of Loss

A marine policy issued under All Risk terms does not cover “Fear of loss” as the loss apprehended by the owner of the goods is imaginary […]
August 27, 2018

How Single Point Mooring (SPM) Offshore Operation Works?

Single point mooring (SPM) is a floating buoy/jetty anchored offshore to allow handling of liquid cargo such as petroleum products for tanker ships. SPM is mainly […]
August 27, 2018

Theft pilferage and nondelivery cover under marine policy

The policy issued under All Risk terms cover theft, pilferage and non delivery of the entire consignment. Since TPND are inbuilt cover under All risk policy, […]
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