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Tuesday, October 19, 2021

motor insurance

MOTOR INSURANCE NEWS

Prepare your vehicle for the upcoming monsoon season with important add-ons

August 06, 2021 6:25 pm

To make sure that your vehicle does not suffer any major damage due to waterlogging across the city, it is important that you do all major checks before taking the vehicle out.

Lessons to learn from first wave of COVID-19 pandemic

May 13, 2021 1:58 pm

Numerous people bought a term or health insurance policy fearing they might get infected with the virus anytime and may need hospitalisation or probably even die if the conditions worsen.

Motor insurance business hits the slow lane in Apr-Aug due to relaxation in law, Covid

September 27, 2020 12:54 am

According to data released by Irdai, total motor business premium fell to Rs 22,253 crore in the five months ended August 31, 2020 from Rs 26,406 crore in the year-ago period.

Withdrawal of long-term motor insurance cover: How will it impact you

July 21, 2020 1:22 pm

The honourable Supreme Court of India in its order issued in August 2018 had directed making long-term motor third-party (TP) policy mandatory for vehicles. As per IRDAI’s directive, general insurer companies could only sell only three kinds of motor insurance policies.

Government extends health insurance, motor insurance renewal dates till May 15

April 16, 2020 11:44 am

The renewal dates of health and third party motor insurance which fall during the period of March 25 to May 3, can now be renewed till May 15, the Office of Finance Minister Nirmala Sitharaman tweeted a circular dated April 15.

IRDAI panel suggests telematics motor insurance, ‘named driver’ policy

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.

‘Unfair market practices’ favour private players, say PSU insurers

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.

Long-term motor insurance: SC rejects insurers’ plea; buyers to shell out more from today

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.

Motor insurance: Claim rejection remains a big worry; can be avoided with a little caution

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.

FinMin cancels Irda order withdrawing third-party pool

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.