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ICICI Lombard Launches Motor Floater Policy, Add-On Covers On Pay As You Drive, Pay How You Drive

ICICI Lombard Launches Motor Floater Policy, Add-On Covers On Pay As You Drive, Pay How You Drive

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.

27 July 2022
Kotak General Insurance Launches AI-Based Vehicle Inspection For Motor Insurance Renewals

Kotak General Insurance Launches AI-Based Vehicle Inspection For Motor Insurance Renewals

The technology would help in the renewal process as well as detect fraud, thereby also aiding in the underwriting process.

18 July 2022

Pay As You Drive: IRDAI allows Tech-Enabled Concepts For Own Damage In Motor Insurance

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...

Drive Sober, Pay Less Premium On Your Car With ‘Intelligent’ Motor Policy From Edelweiss

Drive Sober, Pay Less Premium On Your Car With ‘Intelligent’ Motor Policy From Edelweiss

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...

06 July 2022

Third-Party Insurance Premium Hike For 2-Wheelers Unlikely To Weigh On Demand: ICRA

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...

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26 May 2022
Third-Party Motor Insurance For Personal Vehicles Excluding EVs To Increase From June 1

Third-Party Motor Insurance For Personal Vehicles Excluding EVs To Increase From June 1

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...


20 May 2022
Avoid Misleading Motor Insurance Advertisements, IRDAI Tells General Insurers

Avoid Misleading Motor Insurance Advertisements, IRDAI Tells General Insurers

IRDAI has said that general insurers issuing advertisements on the motor vehicle services, projecting them as benefits provided within the insurance cover, is...


14 March 2022
5 Factors That Make Your Motor Insurance Stronger

5 Factors That Make Your Motor Insurance Stronger

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...


05 March 2022
Third-Party Motor Insurance Premiums To Go Up; Check New Rates Here

Third-Party Motor Insurance Premiums To Go Up; Check New Rates Here

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...


05 March 2022
International Women’s Day: 5 Must-Have Insurance Policies For Women

International Women’s Day: 5 Must-Have Insurance Policies For Women

Women must look at health, critical illness, personal accident, motor and cyber insurance covers to build a comprehensive layer of protection for themselves...


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04 March 2022
7 Of The Best Add-on Car Insurance Covers

7 Of The Best Add-on Car Insurance Covers

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...


21 February 2022
Six Tips to Reduce Your Motor Insurance Premium

Six Tips to Reduce Your Motor Insurance Premium

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...


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