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FinMin extends Rs 3,000 cr capital for general insurers this quarter

Read more about FinMin to infuse Rs 3,000 cr in state-owned general insurers this quarter on Business Standard. Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance

Conundrum of accord and satisfaction when appointing arbitral tribunals

Introduction There are several ways in which parties can discharge their contractual obligations. For example, the doctrine of accord and satisfaction allows parties to discharge their contractual obligations by performing certain modified obligations or by novating or rescinding the existing contract.(1) In other words, a liability arising out of a breach of contract can be discharged by a new agreement (an accord ), wherein the parties mutually agree a new consideration, forfeiting their right of action against their previous contractual obligations.(2) The satisfaction is the discharge of the substituted obligations. Central to this is the consent and mutual agreement of all parties involved.

ASK US - The Hindu

ASK US Updated: Updated: Share Article Dealing with rejection Q. My father is 61 years old. He suffered a minor brain stroke in 1999 because of which he was paralysed on the left side. However, he recovered within 6 months and has been doing perfectly fine for last 20 years. He does not have any pre-existing conditions. I tried several health insurance companies for availing of health insurance for him but all of them rejected the same on account of the history of brain stroke. Please suggest a policy which is affordable and covers such pre-existing diseases. ANKIT SAXENA A. Technically, an insurance company can issue a health policy for your father specifying that hospitalisation due to stroke and related reason is an exclusion. Having said that, the underwriting decision, whether to issue a policy to a particular proposer or not, is entirely in the hands of the insurance company in spite of the background you list.

Vidya Drolia vs Durga Trading Corporation on 14 December, 2020

Vidya Drolia vs Durga Trading Corporation on 14 December, 2020
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