Comprehensive Insurance Subsidy ensures reimbursement of insurance premiums for eligible industrial units through a designated disbursing agency. Central Comprehensive Insurance Scheme, 2007 establishes a reimbursement mechanism for insurance premiums for eligible new and substantially expanded industrial units and specified service, biotechnology and small power generating activities in the North Eastern Region; eligibility is defined by statutory terms including a 25% threshold for substantial expansion, disbursement is effected by a designated nodal agency on State Level Committee recommendations from a central revolving fund, IRDA-registered insurers are eligible, utilisation certificates and compliance conditions apply, and the notification includes a model comprehensive policy with specified perils, exclusions and policy conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Comprehensive Insurance Subsidy ensures reimbursement of insurance premiums for eligible industrial units through a designated disbursing agency.
Central Comprehensive Insurance Scheme, 2007 establishes a reimbursement mechanism for insurance premiums for eligible new and substantially expanded industrial units and specified service, biotechnology and small power generating activities in the North Eastern Region; eligibility is defined by statutory terms including a 25% threshold for substantial expansion, disbursement is effected by a designated nodal agency on State Level Committee recommendations from a central revolving fund, IRDA-registered insurers are eligible, utilisation certificates and compliance conditions apply, and the notification includes a model comprehensive policy with specified perils, exclusions and policy conditions.
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