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Motor Vehicle Insurance Laws in India

Motor Vehicle Insurance Laws in India

In this article, we will discuss the laws relating to motor vehicle insurance in India. The scope of an insurance policy under Motor Vehicle Act, 1988. Also, we will discuss the position of law in India on the rights and liability of the insurer, the insured and the third party. What is Motor Vehicle Insurance? […]

Fundamental Elements of an Insurance Contract in India

Fundamental Elements of an Insurance Contract in India

Insurance, like any other contract, is an agreement enforceable by law. In any insurance contract in India, two parties, typically the insurer and the insured, bind one another to a set of promises. Wherein, in expressed terms, the insurer promises to indemnify the insured in an event of a loss. On the other hand, the insured […]

Computation of Compensation

Computation of Compensation

ASSESSMENT OF COMPENSATION The courts can only grant compensation for the pecuniary and monetary loss caused and some other expenses, but no court can even attempt to grant compensation for loss of life or limb. Mainly pecuniary loss has to be assessed. The long expectation of life is connected to the earning capacity of the […]