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The Insurance Regulatory and Development Authority of India (IRDAI) has removed the retail sector of the general insurance industry from the arbitration clause, as policyholders have alternative avenues to resolve their complaints. The clause will now only apply to commercial lines of business. The clause would continue to be applicable to all existing retail policies until the term of the policy expires, unless the policyholder requests its replacement with the commercial lines clause.For all new retail policies, the clause will be considered deleted, while it will apply to all commercial policies from the date of renewal falling on or after the date of the circular, which takes effect immediately.
Muhammad-bin Tughluq transferred his capital from Delhi to Devgiri (which he named Daulatabad) because
Who was responsible for the destruction of Vikramashila, one of the three major Buddhist monasteries in India during the Pala Empire?
Begum Hazrat Mahal was the consort of which Nawab of Awadh?
Who organized second Buddhist council?
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Who declared the revolt of 1857 as a ‘national revolt’ in the House of Commons?
Bindusara, an ancient emperor of India, was part of which empire?
The son of Shah Jahan , who studied the New Testament, the writings of the Muslim suns, the Vedanta philosophy, Upaniahadas, etc. and sought to find a m...
The first Sultan to adopt the principle of measurement of cultivable land for determining the land revenue was