Contract of Indemnity [Indian Contract Act, 1872]

This video is about the contract of indemnity which is defined in section 124 of the Indian contract act, 1872.

in a contract of indemnity, there are two parties i.e., indemnifier and indemnified.

this video also talks about the rights of indemnity holder when sued which is given under section 125 of contract act.

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[athirajkrishnan]

According to Indian law insurance is not a contract of indemnity and in english law except life insurance other types of insurance comes under contract of indemnity

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