SUPREME COURT ON CHANGES IN POLICY TERMS & GOVERNMENT ON PLI LINKED SCHEME
LawWiser Tune into the latest video where LawWiser takes you through the updates related to “SC On Changes In Policy Terms” and “Government On PIL Linked Scheme”.
Watch Prabhjot Singh sharing the update on the policy changes wherein the Supreme Court has held that an insurer is clearly under a duty to inform policyholders about changes in terms of the policy during renewal, and failure to do so would amount to deficiency in service under the Consumer Protection Act, 1986.
In the second update, the government is planning to introduce the Production Linked Incentive Scheme, which is yet to be considered for approval by the cabinet.
As per the Production Linked Incentive Scheme, the government is planning to provide incentives worth Rs 76,000 crore towards setting up over 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years in a bid to make India a hub for electronics.