Centre plans to extend third party vehicle insurance cover through on-the-spot insurance programme. The move comes amidst rise of uninsured vehicles on the road
The newly adopted know-your-customer (KYC) criterion introduced in November to expedite payment for insurance claims has nothing to do with the PUC certificate.
A personal accident insurance policy provides complete financial protection to the insured against uncertainties, such as accidental death, accidental bodily injuries, as well job loss and temporary or permanent disability...
Motor insurance portability allows you to switch to a new insurance provider. Read on to find more
Human error or violation of rules is unlikely to vitiate an insurance policy and accidental death claims will continue to be honoured albeit in exceptional cases the compensation amount may be lowered
The three new products from ICICI Lombard—Motor Floater Policy, Pay As You Drive, Pay How You Drive—are in line with the recent announcement of Irdai on tech-enabled motor insurance.
As the year draws to a close, we delve into four consumer-friendly regulations in insurance in 2022. Read on to know more.
The technology would help in the renewal process as well as detect fraud, thereby also aiding in the underwriting process.
IRDAI has permitted general insurance companies to introduce tech-enabled concepts, such as Pay as You Drive and floater policy for vehicles belonging to the...
The fully-digital and mobile-based auto insurance policy activates accidental insurance cover as the vehicles is set in motion, while the standard fire and...
ICRA said it expects a 7-10 per cent year-on-year volume growth in the two-wheeler industry this fiscal, despite inflationary pressures and elongated...
There is a discount of 7.5 per cent for hybrid electric vehicles and 15 per cent for electric vehicles, but for all the other cars, except for those with 1.5...
IRDAI has said that general insurers issuing advertisements on the motor vehicle services, projecting them as benefits provided within the insurance cover, is...
There is more to motor insurance than simply choosing the lowest premium. Here’s a look at 5 factors that you should consider to make motor insurance...
The motor third-party insurance premium rates for the financial year 2023 may be revised soon. Premiums for fossil fuel vehicles to go up but there is a 7.5...
Women must look at health, critical illness, personal accident, motor and cyber insurance covers to build a comprehensive layer of protection for themselves...
Apart from the standard car insurance available, cover for consumables, engine and tyres are useful add-ons to guard the car and the policyholder from...
Motor insurance is a necessity for every vehicle and as time goes, the burden of premium rises on the vehicle owner. Here are some ways which can help cut down...
