1972 Current Affairs, GK & News
Life Insurance Council: “Force Majeure” does not apply for COVID-19 cases
On April 6, 2020, the Life Insurance council announced that the “Force Majeure” clause will apply to COVID-19 deaths. Apart from the council, Kolkata Port Trust has also invoked force majeure. What is force Majeure? Force Majeure clause was introduced for unforeseen circumstances. This includes natural disasters, accidents, epidemics, pandemics. Legislation Force Majeure is a ..
Month: Current Affairs - April, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: 1972 • Contract Theory • COVID-19 • force majeure • Indian Contract Act • Life Insurance Corporation of India • Natural Disasters