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Sunday, Jun 22, 2025
It is not sufficient to furnish a bond equal to the cost of the vehicle but an amount adequate to pay the compensation should be deposited as a guarantee, the HC ordered on Tuesday.
The curriculum of this programme is constantly updated covering the latest developments in life/general insurance sectors.
The insurance company is liable to pay the claim only if the policy is in force on the date of the accident.
According to the order of the Finance Department, which came into effect on April 1, these surgeries can be done only in government hospitals enrolled with Medisep.
The State Finance department has issued an order to this effect based on the budget announcement.
The government has proposed that from FY24, proceeds received by a person who makes aggregate contribution for life insurance above Rs 0.5m will be taxed.
The court further stated that the company has the right to later recover this amount from the owner and the driver.
Medisep lists 1,920 treatment procedures and services for reimbursement. In the majority of these procedures, private hospitals receive more than double the amount the government hospitals get from the insurer.
HC upheld Ombudsman’s order to allocate Rs seven lakh towards the insurance claim.
The insurance sum is the amount listed under personal accident insurance coverage in KSRTC Act, 2014.
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