November 27, 2019 4:38 am
A ‘named driver policy’ as an automobile insurance policy provides coverage only for drivers specifically named on the policy and not for other individuals driving the vehicle.
May 14, 2019 4:01 am
The regulator has capped payments by insurers to agents and dealers at 19.5 per cent for cars and 22.5 per cent for two wheelers and brought them under its purview as motor insurance service providers from November 2017.
September 01, 2018 1:25 am
The GI Council also pointed that the entire industry is now busy settling claims on account of Kerala floods which has triggered claims worth over Rs 1000 crore.
December 04, 2015 6:05 pm
However, while it is mandatory for all vehicles to be insured, claim rejection is one of the biggest issues faced by customers.
March 19, 2014 1:47 am
According to a top level source in one of the affected companies the new orders could come well after the elections are over.
December 09, 2013 1:29 am
IRDA regulations say the agency commission for a motor business cannot exceed 5 per cent.
November 11, 2013 1:16 am
The Act prescribes fine/penalties/punishment for not having valid insurance for the vehicle.
August 05, 2013 3:32 pm
Insurance industry also facing challenge of sustaining investment income due to RBI tightening.
March 27, 2013 1:56 am
Motor insurance premium is set to become more expensive,with Irda allowing up to 20 per cent increase in third party rates from April 1 in view of rising inflation and the history of claim settlement
April 03, 2012 2:28 am
From this month,vehicle owners will have to pay more for third-party premium as the insurance regulator has hiked the rates after a year.