Insurance Sector Development — Key Judgments

Key Judgments

LIC of India v. Consumer Education and Research Centre (1995)

1995

This landmark Supreme Court judgment, though pre-liberalization, laid down crucial principles regarding the duties of public sector undertakings, including LIC, to act fairly and…

General Insurance Council v. Union of India (2018)

2018

This case dealt with the interpretation and implementation of the Motor Vehicles Act, 1988, particularly concerning third-party motor insurance. The Supreme Court issued…

IRDAI (Protection of Policyholders' Interests) Regulations, 2017 (and subsequent amendments)

2017

While not a single court judgment, these regulations, issued by IRDAI, represent a significant regulatory milestone. They consolidate and strengthen various provisions aimed at…