The Subrogation Settlement Agreement is a critical document used in the Indian insurance industry when an insurer, having paid a claim to its insured, seeks to recover the paid amount from a third party responsible for the loss. This document becomes necessary when parties agree to settle the subrogation claim without (or before) court intervention. It captures the terms of settlement, including payment obligations, releases, and warranties, while ensuring compliance with Indian insurance regulations and contract law. The agreement is particularly important as it provides finality to the subrogation process, prevents future claims related to the same incident, and documents the insurer's recovery rights. It must be carefully drafted to address specific requirements under Indian law, including the Insurance Act, 1938, and relevant IRDAI regulations.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the agreement including the insurer, insured, and third party
2. Background: Details of the incident, insurance claim, and circumstances leading to the subrogation settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Settlement Amount: Specification of the settlement sum and payment terms
5. Subrogation Rights: Express transfer of rights from insured to insurer
6. Release and Discharge: Mutual release of claims and discharge of liabilities
7. Representations and Warranties: Standard representations by all parties regarding authority and capacity to enter agreement
8. Confidentiality: Obligations regarding confidentiality of settlement terms
9. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
10. Notices: Process and addresses for serving notices under the agreement
11. Entire Agreement: Confirmation that this document represents the entire agreement between parties
1. Multiple Insurer Provisions: Required when multiple insurers are involved in the subrogation claim
2. Ongoing Litigation Provisions: Required when there is pending litigation that needs to be withdrawn
3. Future Cooperation: Include when ongoing cooperation may be needed for related matters
4. Tax Implications: Include when settlement has significant tax consequences requiring specific provisions
5. Partial Settlement Provisions: Required when the settlement covers only part of the total claim
6. Third Party Rights: Include when other parties' rights might be affected by the settlement
1. Schedule 1 - Claim Details: Detailed description of the insurance claim and incident
2. Schedule 2 - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts
3. Schedule 3 - Supporting Documents: List of all relevant documentation supporting the claim and settlement
4. Schedule 4 - Related Proceedings: Details of any related legal proceedings or claims
5. Appendix A - Power of Attorney: If applicable, power of attorney documentation
6. Appendix B - Corporate Authorizations: Corporate resolutions or authorizations for entering into the agreement
Relevant legal definitions
Clauses
Relevant Industries
Insurance
Legal Services
Financial Services
Manufacturing
Construction
Transportation and Logistics
Healthcare
Real Estate
Maritime and Shipping
Energy and Utilities
Retail and Consumer Goods
Professional Services
Relevant Teams
Legal
Insurance Operations
Risk Management
Compliance
Claims Processing
Corporate Affairs
Underwriting
Recovery Operations
Policy Administration
Dispute Resolution
Relevant Roles
Insurance Claims Manager
Legal Counsel
Risk Manager
Compliance Officer
Insurance Underwriter
Claims Adjuster
Corporate Lawyer
Insurance Operations Manager
Settlement Officer
Legal Risk Analyst
Insurance Recovery Specialist
Subrogation Manager
Chief Legal Officer
Insurance Policy Manager
Recovery Operations Manager
Find the exact document you need
Pre Possession Agreement
An Indian legal document governing temporary property possession before final sale completion, establishing rights and obligations of both parties under Indian real estate laws.
Download
Settlement Agreement (Real Estate)
An Indian law-compliant Settlement Agreement template for resolving real estate disputes and finalizing property transactions, incorporating key provisions under Indian property laws.
Download
Settlement Agreement After Dismissal
An Indian law-governed agreement documenting the final settlement terms between employer and employee following employment termination.
Download
Retrenchment Settlement Agreement
An Indian law-compliant agreement documenting terms of employment termination and settlement during workforce reduction, including compensation and mutual releases.
Download
Accident Settlement Agreement
An Indian law-compliant agreement that documents the final settlement terms and compensation between parties involved in an accident.
Download
Labour Settlement Agreement
An Indian law-governed agreement that documents the full and final settlement of employment-related disputes between employer and employee(s), including compensation terms and mutual releases.
Download
Full And Final Release Settlement
An Indian law-governed agreement that provides a complete and final settlement of all claims and disputes between parties, including comprehensive releases and settlement terms.
Download
Wage Settlement Agreement
An Indian law-compliant agreement that formalizes wage-related terms and conditions between management and workers/unions, detailing compensation structures and benefits.
Download
Mutual Settlement Agreement
An Indian law-governed agreement documenting mutually agreed terms to resolve disputes between parties, including settlement terms and releases.
Download
Labor Settlement Agreement
An Indian law-governed agreement documenting the full and final settlement of employment-related claims and obligations between employer and employee.
Download
Tripartite Settlement Agreement
An Indian law-governed agreement that establishes legally binding settlement terms and obligations between three parties, providing a framework for dispute resolution or mutual arrangements.
Download
Settlement Agreement Payment Terms
An Indian law-governed agreement specifying payment terms and conditions for settling financial obligations between parties, including payment schedules and compliance requirements.
Download
Settlement Agreement Between Landlord And Tenant
An Indian law-governed agreement that documents settlement terms between landlord and tenant, resolving disputes or facilitating lease termination.
Download
Property Agreement Divorce
An Indian law-compliant agreement outlining the division of property and assets between divorcing spouses, requiring court approval and registration.
Download
Good Settlement Agreement
An Indian law-governed agreement that resolves disputes or formalizes arrangements related to goods transactions between parties.
Download
Contract Settlement Agreement
A legally binding agreement under Indian law that documents the settlement terms between parties, resolving disputes or modifying existing contractual relationships.
Download
Compromise Agreement Payment
An Indian law-governed agreement documenting settlement payment terms and mutual releases between employer and employee for employment termination or dispute resolution.
Download
Binding Settlement Agreement
A legally binding agreement under Indian law that documents the final settlement of disputes between parties, including terms, conditions, and mutual obligations.
Download
Marriage Settlement Agreement
An Indian legal document establishing property and financial arrangements between spouses, governed by both secular and applicable personal laws.
Download
Inheritance Settlement Agreement
A legal agreement under Indian law that formalizes the distribution of inherited assets and properties among beneficiaries, ensuring clear asset allocation and dispute prevention.
Download
Divorce Property Division Agreement
An Indian law-governed agreement documenting the division of matrimonial property between divorcing spouses, detailing distribution of assets and liabilities.
Download
Amicable Settlement Agreement
An Indian law-governed agreement documenting the mutually agreed terms of dispute resolution between parties, including settlement terms, releases, and obligations.
Download
Partial Divorce Agreement
An interim legal agreement under Indian law that establishes temporary arrangements between separating spouses during pending divorce proceedings.
Download
Non Payment Of Settlement Agreement
An Indian law-governed agreement addressing default under a previous settlement agreement, establishing new payment terms and obligations.
Download
Case Settlement Agreement
An Indian law-governed agreement documenting settlement terms between disputing parties, including releases and obligations for resolving legal proceedings.
Download
Accident Agreement Between Two Parties
An Indian jurisdiction agreement that formalizes settlement terms and obligations between two parties following an accident, including liability and compensation details.
Download
Uncontested Divorce Property Settlement Agreement
An Indian law-compliant agreement detailing mutually agreed property division and settlement terms between divorcing spouses.
Download
Personal Injury Settlement Agreement
An Indian law-compliant agreement documenting the settlement terms and mutual obligations between parties in a personal injury case, including compensation details and release of claims.
Download
Employee Conflict Resolution Agreement
An India-compliant agreement establishing formal procedures for resolving workplace conflicts and disputes, aligned with Indian labor laws and dispute resolution mechanisms.
Download
Compromise And Release Agreement
An Indian law-governed agreement that documents settlement terms and mutual releases between parties, providing final resolution of claims and disputes.
Download
Funeral Agreement Settlement
An Indian law-governed agreement outlining terms and conditions for funeral services, including preparation, transportation, and final disposition arrangements.
Download
Release And Settlement
An Indian law-governed agreement that documents dispute resolution terms and releases claims between parties, providing a legally binding settlement framework.
Download
Divorce Decree Property Settlement Agreement
An Indian legal document detailing property division between divorcing spouses, compliant with Indian matrimonial and property laws.
Download
Land Dispute Settlement Agreement
A legal document under Indian law that formalizes the settlement terms between parties involved in a land dispute, including property rights, obligations, and consideration.
Download
Settlement Release And Indemnity Agreement
An Indian law-governed agreement that combines settlement terms, release provisions, and indemnification obligations to resolve disputes and protect parties from future claims.
Download
Subrogation Settlement Agreement
An Indian law-governed agreement that settles subrogation rights between insurers, insured parties, and third parties, finalizing insurance claim recoveries.
Download
Resignation Settlement Agreement
An Indian law-governed agreement that formalizes employee resignation terms and final settlement of all employment-related matters between employer and employee.
Download
Grievance Settlement Agreement
An Indian law-compliant agreement documenting the mutually agreed resolution of workplace grievances between employer and employee(s), including settlement terms and conditions.
Download
Settlement Agreement Between Employee And Employer
An Indian law-governed agreement documenting employment termination terms and mutual settlement between employer and employee.
Download
Non Compromise Agreement
An Indian law-governed agreement that formally documents parties' intention to preserve their legal rights and claims without settlement or compromise.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)