Motor Insurance Policy

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

Monsoon damage: what home and car insurance actually cover

As rains bring flooding and waterlogging, know what your policy includes, what it doesn't, and the add-ons you may need to avoid costly repairs.

Motor insurance claims: Report theft quickly to aid investigation, recovery

Excessive delay in reporting can trigger suspicions of fraud or evidence tampering, experts say. Timely notification to both the police and the insurer is critical for smooth recovery

No insurance claim for reckless driving, says SC: Read fine print carefully

'Insurance is a protective tool, not a safety net for irresponsible behaviour,' says expert, as SC ruling limits payouts in accidents caused by the policyholder

We want to grow better than industry, mindful of biz quality: Naveen Jha

Health and motor insurance will continue to be our two most important segments

Try pay-as-you-drive insurance cover if driving under 10K km annually

A standard motor insurance plan has no cap on the number of kilometres (kms) a customer can drive. "In a PAYD plan, customers opt for a predefined number of kilometres

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

Ministry of Transport proposes 15% insurance discount on school buses

The ministry and insurance regulator of India have proposed insurance discounts of 7.5-50% on motor insurance premium for select vehicles for financial year 2023-24

Term cover is not enough, buy personal accident cover too: Experts

This policy is especially handy when an accident results in disability, impairing a person's earning capacity

Want a lower motor insurance premium? Watch how (often) you drive

Floater policies will be cost-effective, provide convenience of renewal at one go for multiple vehicles

EV maker One Moto India ties up with Royal Sundaram General Insurance

Electric vehicle maker, One Moto India on Tuesday said it has partnered with Royal Sundaram General Insurance Co Ltd for insurance policies of its vehicles. Under the tie-up, One Moto India customers will be able to avail an add on cover-depreciation waiver that enables them full claim without deduction, to their motor policies issued by the brand. Apart from this, the customers will also be offered competitive pricing, and cashless facility for claims at One Moto centers, the company said in a statement. Commenting on the partnership, One Moto India Vice-President, Sales & Marketing, Aditya Reddy said majority of the customer base is experiencing EVs for the first time, they seek more support to enable the transition from ICE (internal combustion engine) to EV. "We have identified the requirement and are trying to address the same with reputed associations, so that everything can be offered to our discerning customers under one roof," he added. Stating that the electric ...

'Bumper-to-bumper' insurance: HC order to make cars costly, say experts

If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners

Auto dealers can work as sales channel for motor insurance: Irdai panel

They may work as insurance intermediaries in much the same way as an insurance broker, but must solicit motor insurance business only

Irdai working group proposes 'traffic violation premium' in motor insurance

It will float over own damage and third party sections and can be attached to any section of motor insurance cover bought

Renewing motor policy on time is more cost-effective and hassle-free option

If you let it lapse and renew later, you will lose out completely on the no-claim bonus

Irdai withdraws long-term package covers in motor sector over affordability

Regulator also says insurers are facing issues in offering the product

Tata AIG launches usage-based insurance cover for private car owners

The usage-based private car cover, launched under the Irdai's regulatory sandbox, is more affordable offering customised solution towards one's driving profile apart

Hike in third-party motor insurance premiums not enough, say experts

With auto industry struggling, non-life insurance firms seeing muted growth

Reader's corner: Can motor insurance policy be transferred to a new car?

You need to inform to the insurance company about any changes or modification you have done to the insured vehicle, says expert

Irdai proposes to make calculation of motor cover simpler, more transparent

Customers will not have to buy add-ons like invoice cover in the new regime