Auto Insurance
China's EV boom burdens auto insurers with mounting, chronic losses
Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage
 "China's EV boom burdens auto insurers with mounting, chronic losses")
Drive less, pay less: Why 'Pay as You Drive' insurance may be right for you
Pay As You Drive (PAYD) is a "usage-based" car insurance
 "Drive less, pay less: Why 'Pay as You Drive' insurance may be right for you")
Monsoon mayhem: Auto insurance add-ons can keep you afloat during rains
Insurance providers can deny a claim if the damage falls outside the coverage provided by the policy
 "Monsoon mayhem: Auto insurance add-ons can keep you afloat during rains")
Cars on highways to be offered insurance cover using Fastag soon: Report
Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials
 "Cars on highways to be offered insurance cover using Fastag soon: Report")
Public insurers lost 30% motor segment business since FY18: Care Ratings
Amongst the states, Maharashtra continues to occupy the top spot followed by Tamil Nadu, Karnataka, and Uttar Pradesh in motor business for insurers.
 "Public insurers lost 30% motor segment business since FY18: Care Ratings")
Madras HC puts order on bumper-to-bumper cover for new vehicles on hold
Will hear the General Insurance Council on September 13
 "Madras HC puts order on bumper-to-bumper cover for new vehicles on hold")
HC order on bumper-to-bumper insurance intent laudable, can be challenged
The Madras High Court order on making bumper-to-bumper insurance cover for all new private cars sold from September 1 may not stand legal scrutiny: Experts
 "HC order on bumper-to-bumper insurance intent laudable, can be challenged")
Coronavirus impact: Renewal of health, auto insurance can be deferred
Payments can be made till April 21; for motor the relaxation is only for third-party insurance
 "Coronavirus impact: Renewal of health, auto insurance can be deferred")
Best of BS Opinion: Wealth creation, auto slowdown and plastic waste woes
From fixing the demand slump to unleashing a micro-loan revolution in the country and Vodafone's India woes, here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Wealth creation, auto slowdown and plastic waste woes")
Buying a car? Opt for bundled auto insurance with 1-year own damage cover
Avoid comprehensive products that offer long-term own damage and third-party liability
 "Buying a car? Opt for bundled auto insurance with 1-year own damage cover")
Ignorance shouldn't lead to claim rejection
Follow the criteria laid down by insurance companies to ensure that your claim gets honoured
 "Ignorance shouldn't lead to claim rejection")
