Car Insurance Articles

Auto third party insurance premium
March 11, 2020
Third-party motor insurance premium set to rise by up to 5.3% for cars, by up to 10.7% for two wheelers

A discount of 7.5% on motor TP premium rates for hybrid electric vehicles is proposed, further incentivizing use of environment friendly vehicles

Read More
Zero dep insurance
November 26, 2019
IRDAI panel recommends zero depreciation for new private cars up to first three years in own damage cover

An IRDAI Working Group has recommended that for brand new private cars up to 3 years the Sum Insured in OD cover will represent the current day on-road price of the vehicle insured

Read More
Insurance claims
November 4, 2019
Motor insurance claims of up to Rs 75,000, non-motor claims of up to Rs 1.5 lakh may not need surveyor verification

IRDAI has made the proposal for the same public. Insurance surveyor and loss assessor plays a pivotal role in assessing the losses in case of general insurance claims

Read More
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

Read More
Money things
September 2, 2019
10 money things changing from September that you can’t ignore

The 10 things include TDS on club membership fee/car parking fee while buying home, 10-times traffic fines, online IRCTC train booking costlier, and TDS on over Rs 1 cr cash withdrawal a year

Read More
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

Read More
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

Read More
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

Read More
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

Read More
Auto insurance
August 29, 2018
From Sep 1, 3-year third-party cover for new cars and 5-year cover for 2-wheelers

Buyers of new four wheelers and two wheelers will have to pay upfront premium for 3 and 5 years, respectively, for third-party insurance

Read More

Subscribe to our newsletter

Envolpe image

Want to grow your money?

Subscribe & keep learning!

 ⓘ Find the best performing mutual funds Explore