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Consult and get Expert Advice on Insurance Laws matters from the best Insurance Lawyers in India. Let us know your requirement we will help you to find the best Lawyer suited for your matter within your budget.
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Consult Top Insurance Expert Lawyer in India

ARUN WIGHMAL

ADVOCATE
Exp
New Delhi , Delhi

Specialization

  • Insurance
A Legal Professional skilled in Civil Law, Commercial Litigation, Company Law, Matrimonial Disputes, Consumer Disputes, Maritime Law. I believe in the principle of integrity, honesty and service. I have been practicing in all the Courts in Delhi or NCR and serving clients with dedication. View Full Profile

Ankita Singh Chauhan

Advocate
Exp
Ghaziabad , Uttar Pradesh

Specialization

  • Insurance
  • Cheque Bounce
  • Civil
  • Consumer Protection
  • Employment and Labour
Experience- 6 Years + in Civil litigation. View Full Profile

RC Law Offices RC

Advocate
Exp
Hyderabad , Telangana

Specialization

  • Insurance
  • Banking
  • Consumer Protection
  • Criminal
  • Civil
RC Law Offices is a full service law firm having offices in Chennai and Hyderabad providing legal services to individuals and business enterprises. Our core area of practice is IPR, Family law, Criminal law, real estate,Corporate, Dispute Resolution and Arbitration, Real Estate, Banking & Finance. View Full Profile

ADITYA SINGHI

ADVOCATE
Exp
Jodhpur , Rajasthan

Specialization

  • Insurance
  • Banking
  • Civil
  • Consumer Protection
  • Cheque Bounce
I have vast experience in Rajasthan High Court, CAT, DRT, Lower Court,Consumer Court, MACT. Our practice areas are Civil Laws, Corporate Laws, Banking & Finance, Arbitration, Motor Vehicles & Insurance, Taxation, Land Disputes, Family Matter, Domestic VIolence, Divorce, Cheque Bounce cases etc View Full Profile

naveenkumar mekala

advocate
Exp
Khammam , Telangana

Specialization

  • Insurance
  • Criminal
  • Cheque Bounce
  • Civil
  • Divorce
i am practicing 6 years in khammam criminal and civil View Full Profile

Saptarshi Biswas

Advocate
Exp
Nadia , West Bengal

Specialization

  • Insurance
  • Civil
  • Consumer Protection
  • Cheque Bounce
  • Arbitration and Mediation
Civil Dispute, Matrimonial Dispute, Consumer forum, NI Act related Dispute, and Company matter View Full Profile

Raj Vikram Singh

Advocate
Exp
Lucknow , Uttar Pradesh

Specialization

  • Civil
  • Commercial
  • Banking
  • Bankruptcy And Debt
  • Insurance
I have vast knowledge and experience in all kinds of legal matters and I have been pleading the case before Supreme court to civil court since 10 years. Perfection and hard work with honesty is my theme. View Full Profile
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  • What is Insurance
  • What are Insurance Laws?
  • Who is an Insurer?
  • Who is an Insured?
  • What areas are covered by the Insurance Laws?

Vidhikarya will help you find a most suitable lawyer, for you in your city, who will be able to answer all your Insurance Laws related queries and also guide you on how to resolve this matter with ease.

About the Insurance Laws


As per Black’s law dictionary, insurance refers to a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.”

What are the applicable laws to the Insurance Sector?


  • The Motor Vehicles Act 1988
  • The Insurance Laws (Amendment) Act 2015
  • Insurance Act 1938

Some important governance of Insurance Laws


  • Insurance Act 1938 – it is the essential law relating to insurance which prescribes the procedures and requirements to agree to by insurance organizations while doing the business of insurance and re-insurance. It likewise prescribes the arrangements relating to insurance affiliations, chambers and councils.
  • The Motor Vehicles Act 1988 – it prescribes the arrangements related to the 3rd party insurances to be gotten by motor vehicle proprietors and furthermore the obligations of the insurers towards outsiders in instances of accidents.
  • The Insurance Rules 1939 – accommodates licensing of different delegates and arrangement of different panels and the compliances to be seen by insurance organizations while working in the matter of insurance.
  • Insurance Regulatory and Development Authority (IRDA) Act 1999, And, The IRDA Rules & Regulations – the obligations, powers and elements of the IRDA have been indicated under Section 14 of the IRDA Act 1999. The IRDA has the obligation to advance, regulate and ensure methodical development of the insurance and re-insurance business crosswise over India, subject to the arrangements of this Act and some other law being in compel. This Act additionally sets out the Code of Conduct for insurance delegates.
  • The Insurance Laws (Amendment) Act 2015 – this amendment has been achieved with an expectation to help the insurance part in India. The most essential amendment delivered by the Act, its point is to build the FDI top in insurance companies in India from 26% to 49%.
  • Foreign Exchange Management (Insurance) Regulations 2000 – grants a person resident in India to take or keep on holding a life insurance policy issued by an insurer outside India, gave that the policy is held under a specific or general authorization of the Reserve Bank of India. It likewise allows a man resident in India to keep on holding any life insurance policy by an insurer outside India when such individual was resident outside India, with no consent of the RBI

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Client Testimonials

Top Responding Lawyers
on Insurance Laws

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