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SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts

SC says catastrophically injured child loses childhood, dignity and future, enhances compensation

by AIP Online Bureau | Aug 3, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Recomputing the compensation under various heads, including future earnings, attendant charges, pain and suffering, loss of amenities and future prospects, the Supreme Court enhanced the compensation to Rs 83.38 lakh with interest at 9 per cent per annum from the date...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

Supreme Court asks IRDAI to standardise cross-border Motor Insurance clauses

by AIP Online Bureau | Jul 21, 2026 | Indian News, Non-Life, Regulation

The bench said insurers have, in many cases, exploited this ambiguity either to escape liability which they should rightfully bear, or conversely, found themselves burdened with the liability they never intended to assume simply because their policy language was...
Protecting environment a constitutional obligation, shared moral responsibility: CJI

Protecting environment a constitutional obligation, shared moral responsibility: CJI

by AIP Online Bureau | Jul 18, 2026 | Eco/Invest/Demography, Indian News, Policy

Surya Kant,Chief Justice of India Referring to Articles 21, 48A and 51A(g) of the Constitution, the Chief Justice said safeguarding the environment is a shared responsibility and essential for ensuring a cleaner, greener and more sustainable future for coming...
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