Search Results for "Postal Life Insurance"

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High Court of Karnataka Enhances Compensation for Injured Coolie Worker in Motor Accident Case Due to Inadequate Income Assessment. Notional Income Reassessed at Rs. 4,500/- per Month with 40% Future Prospects and 10% Functional Disability.

The appellant, Mahammad Shafi, a coolie worker aged 22, sustained injuries in a motor vehicle accident on 24.02.2008 when a Tata Sumo hit him while he...

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High Court of Karnataka Dismisses Insurance Company's Appeal and Enhances Compensation in Motor Accident Claim Case. Claimants awarded enhanced compensation of Rs. 55,76,080/- with interest at 6% p.a. for death of wife and mother in road accident.

The case involves two appeals arising from a motor accident claim. The accident occurred on 10.03.2017 when the deceased, Smt. Shobha Vijay Rajamane, ...

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Supreme Court Upholds Rajasthan’s Authority to Collect Stamp Duty on Insurance Policies. Life Insurance Corporation of India’s Appeal Dismissed on Legislative Competence and Stamp Duty Compliance Grounds.

The Supreme Court of India ruled that the state of Rajasthan has the legislative competence to levy and collect stamp duty on insurance policies issue...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Negligence of Driver Upheld, Multiplier Applied Correctly. The Court enhanced compensation from Rs.15,47,000 to Rs.18,47,000 by adding future prospects and applying multiplier 18 under Motor Vehicles Act, 1988.

The case arises from a motor accident claim petition filed by the parents of the deceased, Samilulla and Ashrafunisa, seeking compensation for the dea...

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High Court of Karnataka Allows Appeal in NI Act Case — Acquittal Set Aside Due to Improper Appreciation of Evidence. Presumption under Section 139 of Negotiable Instruments Act, 1881 Not Rebutted by Accused.

The appellant, M. Nagappa, filed a criminal appeal under Section 378(4) of the Code of Criminal Procedure, 1973, against the judgment and order of acq...

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High Court of Karnataka Allows Appeal by Union of India in Postal Life Insurance Claim Dispute — Policy Lapsed Due to Non-Payment of Premiums Before Death. The plaintiff failed to prove that the policy was in force at the time of the insured's death, as required under the Postal Life Insurance Rules.

The respondent, Smt. B.M. Uma, filed a suit for recovery of Rs.60,000/- with interest against the Union of India and the Chief Post Master General, cl...

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Supreme Court Allows Appeal in Insurance Claim Case for Theft of Vehicle Purchased at Auction — Insurer Cannot Repudiate Claim on Ground of Lack of Insurable Interest When Premium Was Accepted and Policy Issued Reflecting Transferee's Name.

The appellant, M/s. Balwant Singh & Sons, purchased a vehicle at an auction conducted by ICICI Bank, the hypothecatee, after the original owner (third...

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Bombay High Court Allows Possessors to Pay Decretal Amount to Avoid Auction in Execution Proceedings. Decree Holder Cannot Insist on Auction When Possessor Willing to Satisfy Decree Under Order 21 Rules 64 and 83 of Code of Civil Procedure, 1908.

The petitioners, Lalit Malick, Shyam Malick, and Madhu Bhatti, filed a writ petition challenging the execution proceedings of a decree passed in Comme...