Page 41 - The Insurance Times August 2025

conditions of the policy is the sine qua non (an essential appellant after consideration of the surveyor?s report, it
and necessary condition) to maintain a valid claim under cannot be construed to be a case of waiver on the part of
the policy. The same is not the case with Clause 5 of a the respondent'.
Marine Insurance Policy in Galada Power and
Telecommunication Ltd. v. United India Insurance Co. ( It may be noted that Insurance Surveyors and Loss Assessors
Ltd. and Another. (In my next article, I will discuss this (Licensing, Professional Requirements and Code of Conduct)
case in detail) The two clauses form part of two Regulations, 2000 mandate the appointment of a surveyor
different policies; as a result, they are materially by an insurer in the event a loss is reported to it by an
different and thus cannot be compared. insured.

The Honb'le Judges opined that " We, therefore, agree with Given the above, the Hon'ble Judges of the Supreme Court
the respondent that the dictum in Galada's case (supra) is upheld the conclusion of the Commission that the respondent
in the context of the facts of that case and does not lay down (insurer) had not waived the condition relating to delay
that on the appointment of a surveyor, per se, the insurer stipulated in Clause 6 of the general conditions of the policy
is estopped from raising a plea of violation of the condition by appointing a surveyor.
warranting a repudiation of the claim. The fact of waiver
must be gathered from the totality of the existing Reference :
circumstances. 1. https://www.thealiadviser.org/liability-insurance/
waiver-and-estoppel-part-1/
The Hon'ble judges firther observed that ' the appointment
2. AIR 2018 Supreme Court 4146- -- M/s. Sonell Clocks
of a surveyor by the respondent after receipt of intimation and Gifts Ltd. ....Appellant:Versus The New India
of the loss from the appellant, in the context of the present Assurance Co. Ltd. ....Respondent(s)
insurance policy, coupled with the 2000 Regulations and in 3. https://fastercapital.com/content/Estoppel-in-Insurance-
particular an express stand taken in the repudiation letter
-Protecting-Policyholders-from-Denials.htm.
dated 18th February, 2005 sent by the respondent to the

Axis Max Life Launches a Youth Empowerment Program Focused

on Career Guidance and Skill Building
Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Lim-
ited, has partnered with Learning Space Foundation (LSF) to launch Axis Max Life Udaan - a youth empowerment
program aimed at enhancing employability and career readiness among students in 25 schools and colleges across
Mumbai, Thane and Palghar districts of Maharashtra. The program was launched to commemorate 15 years of the
successful bancassurance partnership between Axis Max Life and Axis Bank.

Axis Max Life, Axis Bank, Learning Space Foundation and Patuck Polytechnic Institute dignitaries at the launch of Axis
Max Life Udaan Youth Empowerment Program

Rooted in a shared commitment of Axis Bank and Axis Max Life towards social impact and community upliftment, Axis
Max Life - Udaan is designed to ignite the potential of youth by nurturing their strengths and providing access to
relevant skills, guidance, and opportunities. The multi-year program will deliver structured career counselling, apti-
tude assessments, and vocational information to over 200 young individuals, while also equipping at least 100 youth
with critical employability skills such as English communication, computer literacy, and soft skills across these schools
and colleges.
The official launch of this initiative took place at the Patuck Polytechnic Institute Auditorium, Mumbai in the presence
of Neeta Bhatt, Executive Vice President & Head – Fees, Axis Bank, along with Anurag Chauhan Director, General
Counsel & Company Secretary and Head - Sustainability, Sachin Arora Director & Head, Axis Bank Partnership from
Axis Max Life insurance, Nitin Orayan, Founder LSF, and the leaders from the Patuck Institute, LSF Trustees and se-
lected student representatives.

The Insurance Times August 2025 37