Tag
Insurance
75 articles
The Supreme Court is actively addressing a range of insurance-related petitions, primarily focused on procedural matters such as condoning delays in filings, granting or dismissing special leave to appeals, and ordering the filing of counter-affidavits. Several cases involve challenges to lower court judgments, with insurers like Oriental Insurance, New India Assurance, and IFFCO Tokio facing scrutiny. Additionally, SBI Life allotted shares via its ESOP scheme, and United India Insurance was ordered to pay compensation in a fatal accident case. These developments highlight ongoing legal complexities and potential financial implications for insurance companies as they navigate appeals and compliance proceedings.
Supreme Court De-lists Ammakka Appeal
The Supreme Court heard petition for leave to appeal (C) No.15609/2019 filed by heirs of deceased Ammakka against Royal Sundram Alliance Insurance.
Counsel for petitioner sought substitution, setting
Supreme Court Allows Deletion of NICl Respondents
Supreme Court heard petition by Vijay Kumar against National Insurance Company Ltd and others on 17 Aug 2026.
Court, via Justice Dipankar Datta, ordered deletion of respondents numbered 2, 3, and 4 fr
Court Condones Delay in ICICI Lombard Contempt
The Supreme Court heard a contempt petition filed by Rekha Sharma & Ors. against Ashish Purohit and ICICI Lombard General Insurance.
The Court noted non‑compliance with its July 22 2025 order in CA No
Supreme Court Condones Delay in HDFC ERGO Case
Supreme Court heard Mausam Khan's SLP challenging the Rajasthan High Court order dated 27‑03‑2025 against HDFC ERGO.
The Court condoned delay in filing interlocutory applications, exempted from filing
Court Orders Counter Affidavit – United India Insurance
The Supreme Court heard petitions by Anand Kumar Singh against United India Insurance and others on 17‑08‑2026.
Amicus curiae Karl P Rustomkhan was appointed pro bono on 27‑04‑2026 to assist the Court
Supreme Court Dismisses Oriental Insurance SLP
Oriental Insurance Company Ltd filed Special Leave Petition challenging Punjab & Haryana HC judgment dated 25-08-2025 in FAO No. 5216/2023.
Supreme Court, comprising Justices Sanjay Karol and Augustin
SC Issues Notice in SLP vs Cholamandalam
Supreme Court heard SLP No. 39693/2026 filed by Income Tax Deputy Commissioner against Cholamandalam MS General Insurance over condonation of filing delay.
The bench comprising Justices Pamidighantam
IRDAI vs Alankit TPA Adjourned Sep 2026
Supreme Court heard Civil Appeal No.2849/2022 between IRDAI and Alankit Insurance TPA Ltd on 18‑Aug‑2026.
ASG N. Venkataraman requested the hearing be postponed from 19‑Aug‑2026 to 23‑Sep‑2026, with r
Supreme Court Allows New India Assurance Appeal
Supreme Court heard Civil Appeals Nos.7687‑7688/2025 on 18 Aug 2026 between New India Assurance Ltd and Louis Dreyfus Commodities India Pvt Ltd.
The bench comprising Justices Sanjay Karol and Nongmeik
Supreme Court Adjourns New India Assurance Appeal
Petitioner Tara Yadav & others filed Special Leave to Appeal (C) No.6390/2024 challenging a Madhya Pradesh High Court judgment.
On 18‑08‑2026 Supreme Court heard the matter; petitioner’s counsel absen
Supreme Court Lists LIC Appeal Sep 1
Petition for Special Leave to Appeal by Amendra Kumar Ojha against LIC, stemming from Patna High Court judgment dated 24‑04‑2026.
The Supreme Court hearing on 18‑08‑2026 granted permission to file add
Supreme Court Condones Delay for Oriental Insurance
On 14‑08‑2026, the Supreme Court heard Special Leave Petition (Civil) No. 38992/2026 filed by Phool Chand Jat against Oriental Insurance Company Ltd.
Justices Ujjal Bhuyan and Atul S. Chandurkar order
Supreme Court Condonates Delay for IFFCO Tokio
Supreme Court heard Special Leave Petition (Civil) No. 66706/2025 on 17 Aug 2026 involving Anuradha & Ors. vs IFFCO Tokio General Insurance.
The Court, Justices Satish Chandra Sharma and Nongmeikapam
Supreme Court Grants Special Leave to Appeal
Supreme Court of India heard petition for special leave to appeal (C) No.15586/2026 filed by K Rashik against National Insurance Company Ltd.
The bench comprised Justices Ujjal Bhuyan and Atul S. Chan
SBI Life Allots 88,522 Shares via ESOP Scheme
• SBI Life's Board Committee allotted 88,522 equity shares to employees via ESOP exercise on August 18, 2026.
• The allotment increases the company's paid-up capital to ₹10,03,34,95,720 with 100,33,49
Supreme Court Condones Delay in IFFCO Tokyo
Supreme Court heard Special Leave Petition (Civil) No. 45640/2026 filed by Ramdayal Carpenter against IFFCO Tokyo General Insurance.
The Court, comprising Justices Ujjal Bhuyan and Atul S. Chandurkar,
New India Assurance Stay Application Hearing
Supreme Court heard Civil Appeal No. 7221/2025 between New India Assurance Co. Ltd and Hemkund Duplex & Board Pvt. Ltd on 18‑Aug‑2026.
The matter concerned a stay application (IA No. 126945/2025) file
HDFC Ergo Ordered Notice to Respondent 4
The Consumer Forum hearing Bharat Bhushan vs. HDFC Ergo (CMP(M) No.476/2025) held on 24 July 2025, with appellant counsel present and no respondents.
The court issued CMP No.17156/2025 directing respo
United India Insurance Appeal Dismissed, Rs15.59L
The High Court of Uttarakhand dismissed United India Insurance's appeal against an order to pay Rs 15,59,850 compensation to the deceased driver's family.
The court affirmed that driver Kamal Singh's
Poddar Seva Sadan to Deposit Rs 9.33L
High Court ordered Poddar Seva Sadan Pvt Ltd to deposit the full ESI demand of Rs 9,32,719 within three weeks.
Deposit must be placed in a fixed‑deposit account of a nationalized bank, after which pet
New India Assurance Wins INR 1200 Cr Claim
Supreme Court allowed appeals, overturning NCDRC order that required New India Assurance to pay the fire loss claim.
Court held Section 64VB mandates premium be paid before risk is assumed; coverage l
Go Digit General Insurance 10th AGM Proceedings Summary
Go Digit General Insurance held its 10th AGM on 18th August 2026 with 41 members attending virtually.
Two ordinary resolutions were approved: adoption of FY26 financial statements and re-appointment o
CCI Approves Prudential's Bharti Life Insurance Stake
CCI approved Prudential Corporation Holdings' acquisition of equity shareholding in Bharti Life Insurance Company Limited.
The acquirer is a holding company for insurance and asset management operatio
LIC Re-designates Madhu V.S. as Additional Director
LIC discloses a senior management re-designation under SEBI Listing Regulations.
Shri Madhu V.S. is re-designated from General Manager (Life), Nairobi to Additional Director, Management Development Ce
National Insurance Co. Procedural Order: Substituted Service Allowed
Supreme Court Registrar Court heard Special Leave Petition 52173/2023 filed by Ramachandran Nair against National Insurance Co. Ltd. and others on 18‑Aug‑2026.
Court declined respondent No.1’s request
Oriental Insurance Counter‑Affidavit Filed in SLA 3043
Supreme Court heard Special Leave to Appeal petition (No. 3043/2025) by Dawa Sherpa against Oriental Insurance Co. Ltd on 17 Aug 2026.
Respondent No.1 filed a counter‑affidavit; service completed on R
SC Sets Aside Oriental Insurance Abatement
Supreme Court heard petition by Shaik Shajida Begum & ors. against Oriental Insurance Co Ltd regarding abatement of proceedings.
Justice Atul S. Chandurkar condoned delay in filing IA Nos. 267933/2024
United India Insurance Gets Fresh Notice
Supreme Court heard petition for leave to appeal (C) No. 11491/2025 filed by United India Insurance Co. Ltd against Boopathi & Ors.
Justice Sanjeev Sachdeva (in chamber) ordered petitioner to act with
Bajaj Allianz Order: Re‑notify Substituted Service
Supreme Court heard petition for special leave to appeal by Bajaj Allianz General Insurance against Telugu Jayalaxmi & Ors on 14 Aug 2026.
Petitioner's counsel said respondent No.4 filed for substitut
ICICI Prudential Allots 400 ESOP Equity Shares
ICICI Prudential Life Insurance allotted 400 equity shares under its 2005 Employee Stock Option Scheme on August 18, 2026.
The allotment was approved by the Managing Director & CEO pursuant to board a
Supreme Court Permits Substituted Service to Shriram
Supreme Court heard petition by Rajiv Gandhi against Shriram General Insurance and others on 14 Aug 2026.
Court granted substituted service, allowing petitioner to serve respondent No.2 through Indian
Future General India Insurance Review Petition Dismissed
Supreme Court dismissed review petition filed by M Seetharama against Future General India Insurance, citing 339‑day delay and lack of merit.
Application to discharge Advocate‑on‑Record was granted, w
Oriental Insurance Appeal Dismissed, Rs.50k Fund
The Supreme Court dismissed the civil appeal (Diary No.14345 of 2024) on 14 August 2024.
Oriental Insurance Company Ltd sought withdrawal of a suitors' fund of Rs.50,000, which the respondent has not
New India Assurance Court Order Service Respondent 9
Supreme Court hearing petition for special leave to appeal by The New India Assurance Company Ltd against High Court order dated 28‑05‑2025.
Court found service on Respondent No.9 incomplete and direc
Oriental Insurance Secures Deposit Freeze Pending Appeal
The Supreme Court heard Oriental Insurance Co. Ltd's petition for special leave to appeal against Dipchand & Ors on 14 Aug 2026.
The Court ordered issuance of notice, returnable by 28 Oct 2026, and ba
SC Issues Notice in United India Insurance
Supreme Court heard Civil Appeal No. 24945/2026 between Raja Gems and United India Insurance over NCDRC order dated 14 Oct 2024.
Petitioners sought condonation of delay in filing, refiling, and permis
Supreme Court Condones Delay, Stays ESIC Order
Supreme Court heard SLP filed by Employees State Insurance Corporation (ESIC) & ANR against High Court order dated 26‑Nov‑2025.
Justices K.V. Viswanathan and Arun Palli condoned filing delays and orde
Avon Elastomers Challenges Consumer Jurisdiction Limits
Supreme Court heard Avon Elastomers' petition against Bajaj Allianz questioning consumer forum jurisdiction based on consideration paid versus claimed compensation.
Court noted anomalies in applying p
IFFCO Tokio Compensation Rs 5 Lakh Order
Supreme Court heard IFFCO Tokio's Special Leave Petition against Mamta Kashyap on 14 Aug 2026.
Court condoned filing delay and noted petitioner deposited Rs 5,00,000 compensation in Motor Accident Cla
SC Condones Delay for United India Insurance
Supreme Court heard Special Leave Petition (Civil) No. 31921/2026 on 14 Aug 2026 involving petitioner Sapna Dubey and United India Insurance Ltd.
Justices S.V.N. Bhatti and N.V. Anjaria ordered condon
Court Condones Delay – Reema Devi v SBI
Supreme Court heard Special Leave Petition (Civil) No. 47361/2026 on 17‑08‑2026 concerning Reema Devi & Ors. vs SBI General Insurance.
The petition sought condonation of delay in filing; the Court, co
SC Condones Delay in Pujari vs HDFC
Supreme Court heard Special Leave Petition (Civil) No. 42428/2026 filed by Baburau Revansidh Pujari against HDFC ERGO.
Court condoned the delay in filing the petition, granting relief to the petitione
Supreme Court Delays New India Assurance Appeal
Supreme Court heard petition for special leave to appeal (C) No.30874/2025 filed by Malatesh against New India Assurance Co. Ltd. on 14 Aug 2026.
Counsel submitted affidavit of dasti service for respo
GIC Re Q1 FY27 Earnings Call Audio Available
GIC Re conducted an earnings call with analysts and investors on 17th August 2026 to discuss Q1 FY27 unaudited financial results.
The audio recording of the call has been made available on the company
LIC Attends Investor Meet, No UPSI Shared
LIC representatives attended an investor meet on August 17, 2026, comprising group and one-on-one sessions.
The corporation confirmed that no unpublished price sensitive information was shared during
Khuntia Family Wins Rs 8.80 Lakh Motor Accident Compensation
The Odisha High Court set aside the tribunal’s Rs 1,51,573 award, granting the claimants Rs 8,80,500 compensation for death and injuries.
The court found death was caused by injuries from the 2015 aut
Kirana Appeal Dismissed by Karnataka HC
Appeal filed by Kirana under Section 173(1) of Motor Vehicles Act seeking enhanced compensation from MVC No.495/2022 judgment dated 27 Aug 2024.
Court noted no representation or clarification from app
Substitution of Petitioners in Oriental Insurance Case
The Gauhati High Court allowed substitution of the original writ petitioner in WP(C)3562/2022 after the death of Runu Das on 04‑12‑2025.
Applicants Moniram Das and his children Raja Das and Ritmoni Da
GIC ₹13.25 Dividend TDS Implementation for FY26
GIC informs shareholders of mandatory TDS on its recommended ₹13.25 per share dividend for FY 2025-26, as per new Income Tax Act 2025 provisions.
Resident shareholders face 10% TDS if dividend exceeds
ICICI Lombard SL Petition Delay Condoned
Supreme Court heard SL Petition No. 45231/2026 filed by ICICI Lombard against Usha & Ors on 14 Aug 2026.
The Court, comprising Justices S.V.N. Bhatti and N.V. Anjaria, ordered condonation of filing de
Supreme Court Orders Service Deadline, National Insurance
Supreme Court heard Rajbala & Anr's special leave petition against National Insurance Co Ltd, stemming from a 11‑12‑2025 High Court judgment.
Court directed fresh service on Respondent No.1 within two
IndusInd Insurance Granted Extension for Bank Guarantee
Supreme Court heard petition by IndusInd General Insurance (formerly Reliance General) against Union Territory of Jammu & Kashmir.
Petition sought four‑week extension to furnish bank guarantee origina
LIC vs Motichand Supreme Court Hearing
Civil Appeal No.3867/2013 between Motichand & Ors. and LIC of India was listed for hearing on 12‑08‑2026.
The bench comprised Justice Sanjay Karol and Justice Augustine George Masih.
Counsel for appel
GIC Re Q1 FY27 PAT Rises to ₹1,922 Crore
• GIC Re reported Q1 FY27 PAT of ₹1,922 crore with a combined ratio of 104.88%, showing improved underwriting performance.
• The company maintained a strong solvency ratio of 432% and achieved gross w
ICICI Lombard Appeal Dismissed by Supreme Court
ICICI Lombard filed a Special Leave Petition (C) No.26953/2026 against the Gujarat High Court’s April 23, 2026 order.
The Supreme Court, comprising Justices Satish Chandra Sharma and Nongmeikapam Koti
SBI Life Insurance 26th AGM Unanimous Voting Results
SBI Life Insurance held its 26th AGM on August 14, 2026 via video conference to seek shareholder approval on four ordinary resolutions.
All resolutions were approved with near-unanimous support, inclu
SBI Life Insurance 26th AGM Approves Resolutions
SBI Life Insurance held its 26th AGM on August 14, 2026 via video conference to transact ordinary and special business.
Shareholders approved four resolutions including adoption of FY26 financial stat
United India Insurance Receives 4-Week Extension
Supreme Court heard petition by United India Insurance Ltd seeking permission to withdraw suitor fund from Punjab State Electricity Board.
Respondent counsel requested additional time to file the appr
Supreme Court Adjourns Bajaj Allianz Suit
Supreme Court heard Misc Application No.2621/2025 between Bajaj Allianz General Insurance and PC Jewellers on 12 Aug 2026.
The petition concerned a suitor fund amount claim filed by the insurer agains
United India Insurance Gets 2‑Week Extension
Supreme Court heard Misc. Application No.1988/2026 between United India Insurance Co. Ltd. and Assam Brook Ltd. on 12‑Aug‑2026.
Petitioners requested a two‑week period to file an application for withd
Sethia Oil SLP Petition Hearing Ordered
Supreme Court heard SLP petition (No.2579/2026) filed by Sethia Oil Industries Ltd against National Insurance Co. Ltd and others.
Registrar declined respondent No.1's request to file a counter‑affidav
Supreme Court Adjourns Goyal vs National Insurance
Supreme Court heard Special Leave Petition 14249/2026 filed by Gagandeep Goyal against National Insurance Co. Ltd. for condonation of delay.
Petition seeks exemption from filing O.T. and curing defect
Supreme Court Adjourns Oriental Insurance Appeal
Petition for special leave to appeal by Rajeshwarikumari Janaksinh Chauhan against Oriental Insurance was adjourned to 08-10-2026 due to time constraints.
Kerala HC Dismisses Motor Accident Appeal
The Kerala High Court dismissed the appeal (MACA No.2388/2008) filed by Karumbayi Selvi and minors against the 2007 Motor Accident Tribunal award.
No representation was made for the appellants, and mu
Reliance General Insurance Appeal Dismissed, Funds Released
• Court dismissed Reliance General Insurance's appeal in Mac App No. 36/2022 due to non‑prosecution and lack of appearance.
• Respondents Saleema Bano and others were ordered to receive the amount dep
Reliance General Insurance SLP Hearing 14‑Aug‑2026
Supreme Court heard SLP(C) No. 14013/2023 filed by Reliance General Insurance against A K Muthachari & Ors on 14‑Aug‑2026.
Service completed on Respondent No.2 via dasti on 20‑Feb‑2025, but no appeara
Indusind General Insurance Ordered to Pay Rs 25 Lakh
The Calcutta High Court modified the earlier award, increasing compensation to Rs 25 million for claimants in a motor accident case.
The insurer, Indusind General Insurance Co., must deposit the amoun
ICICI Lombard NCDRC Order Set Aside, Rs9.62Cr
Supreme Court allowed Civil Appeal 4914/2023, setting aside NCDRC order directing ICICI Lombard to pay Rs 9.62 crore plus interest.
Court remanded the matter to NCDRC for de novo consideration, restor
Turtlemint Q1 Premium Growth 49.8% YoY
Turtlemint reported unaudited Q1 FY27 results with platform premium surging 49.8% YoY to INR 1,205 crore.
Revenue from operations grew 40% YoY to INR 294 crore, while Service EBITDA jumped 89% YoY to
PMFBY Expands Crop Insurance to Cover Wild Animal Damage
Pradhan Mantri Fasal Bima Yojana (PMFBY) remains voluntary for states and farmers, providing comprehensive crop damage insurance from pre-sowing to post-harvest.
States can now notify losses caused by
Star Health Nine Promoter Group Entities Seek Reclassification
Star Health received requests from nine promoter group entities to be reclassified as public shareholders under SEBI LODR Regulation 31A.
All nine entities, formerly linked to late Rakesh Jhunjhunwala
LIC Promoter Sells 2.5% Stake via OFS for ₹31,552 Cr
President of India, as LIC's promoter, sold 316.25 crore shares (2.5% stake) via OFS on Aug 4-5, 2026, generating approx. ₹31,552.34 crore gross consideration.
The OFS included an oversubscription opt
LIC OFS: Government Exercises 6.5% Stake Sale Option
Government of India exercises oversubscription option to sell 6.5% stake in LIC via OFS.
Offer comprises 82.22 crore shares with 10% reserved for retail investors on August 5.
Retail investors and emp
LIC OFS: Government Selling 2.5-6.5% Stake
Government of India announces Offer for Sale of up to 6.5% stake in Life Insurance Corporation of India to achieve minimum public shareholding.
Base offer size is 31.62 crore shares (2.5%) with an ove
GIC India Promoter Sells 5% Stake via OFS
Ministry of Finance sold 8.77 crore GIC India shares via offer for sale, reducing its stake from 82.40% to 77.40%.
The transaction was executed on NSE and BSE on June 16-17, 2026, with gross considera