Clinical Trial Liability Insurance As per Drugs and Cosmetic Act 1940 amended up to date and regulations made there under : Any injury or death of the subject occurring in clinical trial due to following...

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Temporary Removal of Stock Clause Vs Floater Policy under Fire Insurance It is practiced followed by all insured that if the stock is removed temporarily for the fabrication from the insured premises, such stock...

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Per Location Limit Vs Location Clause under Marine Insurance There are two limits in the marine; insurance policy namely per bottom limit and per location limit under former limit the consignment value is defined per...

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If the claim falls under two policy periods-Health Insurance? If an event of hospitalization is spill over two policy periods and as per practice followed by the Insurer, the claim is settled in the expiring...

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Basis of Loss of profit under FLOP It is requirement of the policy that the standing charges should be disclosed in the Policy and the Insurer is not indicating in the policy as the Insured...

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Buyer Contingency Policy under Marine Insurance? Buyer Contingency Policy plays a very important when the Seller has taken a restricted cover as per sales contract and it will have better coverage’s. It will be effective...

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Medical establishment Liability Insurance Basically, the Medical establishment Liability Insurance covers any negligence on the part of the Hospital/Doctors/ Paramedical staff etc. The liability was arisen for the hospital due to food provided by...

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Bush Fire Vs Forest Fire There certain industries are located in the area where in the adjoining area, the wheat /rice are produced. After harvesting the crop, many farmers are cleaning the land burning...

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Bulk Oil Clauses- Guaranteed Out-Turn Under Marine Insurance Kindly ensure that “ Guaranteed Out-Turn” (GOT) clause is included under marine insurance of Bulk Oil. It covers the loss “ for leakage and /or/shortage the...

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Mid Term cover of RSMD and STFI Practically every modification in the policy issued is through “Endorsement”. If any policyholder wants to add mid-term cover of RSMD and STFI, as per terms and conditions he...

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