Income Tax Act, 1961, Section 80DD -- Insurance - Payment of annuity or lump sum amount - Benefit for handicapped dependents - Condition incorporated in the policy that amount shall not be given to handicapped person during lifetime of parent/guardian/life assured, is in conformity with S.80-DD(2)(b) of the Act - Denial of benefit of policy to handicapped dependent during..........
Will -- In favour of mother excluding wife - Relationship between defendant wife and testator not cordial at all - Defendant left testator and filed criminal cases against testator as a result he was taken to custody - It is thus unexpected for a man to forget everything and to forgive the wife on the day of execution of Will - Evidence on record shows that testator had..........
Insurance Act, 1938, Section 50 -- Notice - Statutory obligation on Insurance Company to issue notice before expiry of 3 months from date on which premium in respect of policy of life insurance is payable and has not been paid and give notice to policy holder informing him of options available to him...........
Motor Vehicles Act, 1988, Section 166 -- Compensation - Deduction - Benefits of family pension, life insurance, provident fund etc., shall remain unfettered and cannot be allowed to be deducted from claim computation...........
Motor Vehicles Act, 1988, Section 166, Haryana Compassionate Assistance to the dependents of Deceased Government Employees Rules, 2006, Rule 5 -- Accident - Death of Government employee in accident - Compensation - Deduction of amount received by claimants under Rules 2006 - Insurance company is entitled to deduct amount received by claimants u/r 5(1) of 2006 Rules,..........
Life Insurance Corporation Act, 1956, Section 48, 21, Life Insurance Corporation of India (Employees) Pension Rules, 1995, Rule 37, 55 -- Pension - R.55 of Rules does not confer power on the Chairman of the Corporation to issue any instructions that can travel beyond the Rules - On a perusal of S.48 of the Act, it is clear as crystal that conferment of benefit, either..........
Practice and Procedure -- One who assails the constitutional validity of a statutory provision or a rule, has to specially assert the grounds for such challenge. (Para 26). Life Insurance Corporation Act, 1956, S.48, Life Insurance Corporation of India (Employees) Pension Rules, 1995, R.55 - Pension and dearness allowances - Interpretation of Rules and Regulations - Life..........
Life Insurance Corporation Act, 1956, Section 48, Life Insurance Corporation of India (Employees) Pension Rules, 1995, Rule 55 -- Pension and dearness allowances - Interpretation of Rules and Regulations - Life Insurance Corporation prescribed different rates for different groups of pensioners depending upon their date of retirement to confer certain benefits on employees..........
Insurance Act, 1938, Section 38 -- As it was prior to amendment in 2015 - Insurance policy - Freely tradable and assignable - Life Insurance policies are freely transferable and assignable in accordance with the provisions of Insurance Act - However, S.38 of Insurance Act gives insurer the discretion to decide whether or not to accept a transfer or assignment of an..........
Criminal Procedure Code, 1973, Section 125(1) -- Maintenance - `Sufficient means' - Term includes all savings also - Even if a considerable amount is being deducted toward Provident Fund, General Group Insurance Scheme, LIC Premium, State Life Insurance, GPF Loan of any statutory deductions, except income tax or profession tax, amount cannot be excluded from reckoning..........
