Insurance Release Form for India

Insurance Release Form Template for India

This document is a legally binding Insurance Release Form governed by Indian law, specifically compliant with the Insurance Act of 1938 and related regulations. It serves as a formal agreement between an insurance company and the insured party, documenting the settlement of an insurance claim and releasing the insurer from future liability related to the specific claim. The form includes detailed information about the claim, settlement terms, and mutual obligations, while incorporating necessary provisions required under Indian insurance and contract law.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our India-compliant Insurance Release Form

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Insurance Release Form

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Insurance Release Form?

The Insurance Release Form is a critical document used in the Indian insurance industry to formally conclude insurance claims and establish clear legal boundaries post-settlement. This document is essential when an insurance claim has been settled and both parties need to document the agreement terms and release of future liability. The form must comply with Indian insurance regulations, particularly the Insurance Act of 1938, IRDA guidelines, and the Indian Contract Act of 1872. It typically includes details of the original policy, claim circumstances, settlement amount, and terms of release. The document serves as protection for both the insurer and the insured, preventing future disputes related to the settled claim while ensuring all regulatory requirements are met.

What sections should be included in a Insurance Release Form?

1. Parties: Identification of all parties involved - the insurer, insured, and any other relevant parties with their complete details

2. Background: Brief description of the insurance policy, incident/claim, and context leading to this release

3. Definitions: Clear definitions of key terms used in the release form

4. Claim Details: Specific details of the insurance claim including date of incident, policy number, and claim number

5. Consideration: Details of the settlement amount or consideration being provided

6. Release Terms: Specific terms of the release including scope of release and rights being waived

7. Representations and Warranties: Statements by the releasing party about their authority and understanding of the release

8. Governing Law: Specification that Indian law governs the release and jurisdiction details

9. Execution: Signature blocks and execution requirements for all parties

What sections are optional to include in a Insurance Release Form?

1. Third Party Claims: Section addressing potential third-party claims - include when other parties might have rights related to the claim

2. Confidentiality: Terms regarding confidentiality of the settlement - include when settlement terms need to be kept private

3. Partial Release: Terms specifying partial release of claims - include when only specific aspects of a claim are being released

4. Future Claims: Provisions regarding potential future claims - include when there's possibility of related future claims

5. Tax Implications: Statement about tax responsibilities - include when settlement amount has tax implications

6. Medicare/Healthcare Provisions: Special provisions for healthcare-related claims - include for medical insurance releases

What schedules should be included in a Insurance Release Form?

1. Schedule A - Claim Documentation: Detailed description of the incident and claim documentation

2. Schedule B - Settlement Calculation: Breakdown of settlement amount and any deductions

3. Schedule C - Supporting Documents: List of all supporting documents including police reports, medical records, or damage assessments

4. Appendix 1 - Original Policy Details: Relevant excerpts from the original insurance policy

5. Appendix 2 - Proof of Loss: Documentation proving the loss or damage claimed

6. Appendix 3 - Payment Details: Details of payment method and schedule if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Insurance

Healthcare

Real Estate

Manufacturing

Automotive

Construction

Retail

Transportation

Agriculture

Professional Services

Hospitality

Relevant Teams

Legal

Risk Management

Compliance

Insurance Operations

Claims Processing

Contract Administration

Policy Management

Customer Service

Document Management

Finance

Relevant Roles

Insurance Claims Manager

Risk Manager

Legal Counsel

Compliance Officer

Insurance Underwriter

Claims Adjuster

Insurance Broker

Policy Administrator

Settlement Officer

Contract Manager

Insurance Operations Manager

Legal Administrator

Find the exact document you need

No matches found.

Medical Information Request Form

An India-compliant form for requesting and authorizing the release of medical information, meeting local healthcare and data protection requirements.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Insurance Release Form?

What sections should be included in a Insurance Release Form?

What sections are optional to include in a Insurance Release Form?

What schedules should be included in a Insurance Release Form?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Medical Information Request Form

Medical Information Disclosure Consent Form

Medical Consent

Motor Vehicle Record Disclosure And Release Form

Medical Treatment Authorization And Consent Form For Adults

Medical Release Form For Nanny

Information Release

Health Care Release Form

Generic Waiver Form

Employment Records Release Authorization Form

Emergency Medical Release Form For Grandparents

Dental X Ray Release Form

Consent Form For Pictures On Social (Media)

Consent Form For Release Of Information

Caregiver Medical Release Form

Auto Lien Release Request Letter

Authorization To Release Protected Health Information Form

Authorization For Release Of Records Form

Authorization For Disclosure

Universal Release Of Information Form

Transcript Release Authorization Form

Tenant Release Form

Simple Medical Release Form For Minor

Release Of Financial Obligation Form

Publicity Consent Form

Patient Release Form

Patient Authorization For Disclosure Of Health Information

Authorization For Release Of Medical Record Information

Doctor Release Form To Return To Work

Authorization For Release Of Protected Health Information

Court Release Form

Release Waiver Agreement

Employee Medical Release Form

Consent To Disclose Medical Information

Consent Form For Social (Media)

3rd Party Release Form

General Release Of Medical Information Form

Counseling Release Form

Release Of Medical Records To Patient Form

Generic Medical Release Form

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free