motor insurance

With the arrival of monsoons this year, the heavy downpours have taken the country by storm. This has led to road cave-ins, floods, and landslides causing massive damage to life and property. A majorly impacted asset is the motor vehicle…

Consumer protection regulator CCPA has directed 5 e-commerce companies, including Amazon and Flipkart, to permanently delist all car seat belt alarm stopper clips as the product stops the alarm beep when not wearing seat belts, thus…

MUMBAI:More than 50% of vehicleson Indian roads are operating without the mandatory thirdparty insurance. This was disclosed by the government in response to a Parliament query. Minister of state for finance Bhagwat Karad, replying to a…

Image for representative purpose only. | Photo Credit: Getty Images Long term motor insurance packages comprising mandatory Third Party and optional Own Damage covers are likely to make a comeback with insurance regulator IRDAI issuing an…

Gone are those days when you have to pay a fixed premium every year for your own damage motor insurance policy. Insurance Regulatory and Development Authority of India (IRDAI) has allowed the general insurer to introduce technology-enabled…

General insurers are now allowed to provide sophisticated add-ons to vehicle insurance plans by the industry regulator IRDAI. These are telematics-based auto insurance plans, and the cost is determined by how the car is used or how the…

These covers will be provided as add-ons to the basic policy of motor own-damage coverIRDAI said that introduction of the mentioned add-on options will aid in giving the much needed fillip to motor own damage insurance and increase its…

<!-- -->Two-wheelers over 150 cc but not exceeding 350 cc will attract a premium of Rs 1,366.New Delhi: The Ministry of Road Transport and Highways (MoRTH) on Wednesday increased the third-party (TP) motor insurance premium for…

The Ministry of Road Transport and Highways (MoRTH) on May 25 increased the third-party (TP) motor insurance premium for various categories of vehicles with effect from June 1, a decision which is likely to jack up the insurance cost of…

CHENNAI/MUMBAI: The Madras high court verdict making 5-year ‘bumper-to-bumper’ motor insurance mandatory will increase the cost of vehicle acquisition by 8-10% of its current price. According to dealers and car marketers, this decision will…