Car Insurance Articles

Personal finance round up
September 25, 2019
News roundup: Pay health insurance premium as EMIs, PF interest at 8.65% notified, insurance firms get flexibility to fix premium

Here is a round up of key developments in insurance, home loans, and employee provident fund

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Car insurance
September 10, 2019
Soon your motor insurance premium could depend on whether you follow traffic rules

IRDAI forms a working group to examine the establishment of a system of linking of motor insurance premium with traffic violations

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May 21, 2019
IRDA proposes hike in third party motor insurance rates for small and mid-sized cars, two-wheelers

The hike has been decided based on the claims paid data of the last seven years. This will increase the overall premium by around 15% for small and mid-sized cars and two-wheelers

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Insurance claims
April 17, 2019
All insurers to share status of claims with policyholders from July 1

IRDAI has directed all insurance companies to have clear and transparent communication so that the benefits of insurance policies flow to the beneficiaries in a timely manner

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personal accident insurance policy
December 13, 2018
You can now buy single personal accident insurance for multiple vehicles

With unbundling of Compulsory Personal Accident Cover, a customer can buy a single standalone personal accident policy for all the vehicles owned by him/her

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Personal accident cover for owner writer
September 26, 2018
IRDA fixes minimum Rs 15 lakh personal accident cover for owner/driver

Enhancing the personal accident cover for car insurance to Rs 15 lakh is a step in the right direction

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Car insurance
August 7, 2018
A guide to car insurance: Here’s what you should know

Here is what you should know about car insurance

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July 25, 2018
Supreme Court mandates longer third party insurance for cars, bikes

The Supreme Court has made two year third-party insurance compulsory for cars and five year third-party insurance compulsory for bikes

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Motor accident compensation
May 24, 2018
Govt notifies ten-fold increase in compensation for motor accident victims

Center also prescribes an annual increase of 5% in compensation, under the Motor Vehicles Act. The last revision was in 1994

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