Motor Insurance

North leads in motor insurance claims; EV repair may cost Rs 39,000: Report

Cost of repairs and claim frequency, coupled with extreme traffic density in North India, are the primary drivers of escalating motor insurance losses

Monsoon floods and car damage:Here's what could derail your insurance claim

Many car owners lose out on claims after floods due to avoidable mistakes, say experts

E-20 compliance and insurance claim: Here's what you need to know

People are raising concerns around E20 non-compatible vehicles, like poor mileage. Experts say that insurers too could reject or cut claims if engine damage is linked to the fuel.

Claims rise 33% in monsoon as most car owners miss engine cover: Report

Trend growing despite people not buying insurance protection for engines, it says

Motor TP premium hike crucial for survival: New India Assurance CMD

New India Assurance CMD Girija Subramanian says motor third-party premium hike is urgent to ensure business viability as incurred claims hit 108.2 per cent in FY25

Motor insurance: Driving with expired licence can lead to claim rejection

While a 30-day grace period is available for licence renewal, the Motor Vehicles Act of 2019 clearly states that driving with an expired licence is not permitted-even if renewal is pending

The Future of Comprehensive Motor Insurance in India : Is It Time for a Shift Towards Pay-How-You-Drive Models?

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Slowdown in health and motor segment drag non-life premiums in Feb

According to General Insurance Council data, general insurers, who operate in multiple business lines, witnessed about 5 per cent YoY drop in premiums to Rs 17,399.3 crore in February

CRED partners with ACKO to offer enhanced motor insurance for members

CRED members with credit scores above 750 will receive motor insurance at reduced premiums

Understanding your motor coverage

Your Guide to Comprehensive Motor Insurance in India

Cholamandalam General's 62% biz to be motor insurance portfolio: MD

The motor insurance vertical of Cholamandalam MS General Insurance Company Ltd will contribute to 62-63 per cent of the business by the end of this financial year, a top official of the company said. The company, a joint venture between Murugappa Group and Japan-based Mitsui Sumitomo Insurance Group, also expects to increase its equity investments, Managing Director V Suryanarayanan said. The city-based company recorded a Gross Written Premium of Rs 1,945 crore for the April-June 2024 quarter, a growth of 14.3 per cent compared to the industry average of 12.4 per cent. Briefing reporters, Suryanarayanan said the company expects motor insurance to make up 62-63 per cent of its business by the end of the current financial year, while it was looking at strong growth in the health insurance portfolio. "We expect motor insurance (portfolio) to be at around 62-63 per cent by the end of the year (from the current 60 per cent), commercial vehicle insurance will be 16 per cent, health shoul

Hybrid workers drive demand for pay as you drive insurance plans

The insurance regulator had allowed general insurers to introduce pay as you drive and pay how you drive for motor insurance cover in 2022

60% car insurance buyers opt for roadside assistance add-on during monsoon

What should you look for when choosing motor insurance? All you need to know

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

Insurers eye windfall from proposed satellite-based toll collection system

Lack of regulatory clarity complicates matters on third-party data-sharing

Policyholders can cancel policy at any time by notifying insurer: Irdai

The Irdai said retail policyholders can cancel their insurance policy at any time during its term by notifying the insurer, and will receive a refund for the remaining period of the policy

Quick and Easy: Hacks to Make Your Car Interior Shine/ Easy-Peasy Hacks: Here's How to Clean Your Car Interior like a Pro

Know as to why cleaning your car interior need not be a Herculean task as you might imagine it to be using some simple, easily available household items.

IRDAI eases claim settlement norms for victims of Cyclone Michaung

The regulator's circular added that the special dispensation granted is applicable to the claims arising out of Cyclone Michaung and the resulting heavy rains/floods

Trust, financial education crucial in achieving insurance for all by 2047

Irdai has committed itself to enabling "Insurance for All" by 2047, where every citizen has life, health, and property insurance cover

Insurance for all by 2047: Insurers call for MF-style ad blitz & a rethink

These discussions took place at the Life Insurance CEOs panel at the Business Standard BFSI Insight Summit