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Beyond 7th year, sum insured shall be arrived at a mutually agreed value between the insured and the insurer.

Motor cover to include on-road price, fittings

The Insurance Regulatory and Development Authority of India has also suggested a few checks that are beneficial for the...

27 Nov 2019 2:25 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Demystifying third party cover and comprehensive motor insurance...

As per the Motor Vehicles Act, 1988, third party insurance for automobiles is mandatory in India.

8 Jan 2019 3:59 PM IST

The claims ratio in diesel and petrol cars is almost similar in women while diesel car loss ratios are higher among men.

Women make fewer motor claims

The OD premium of women customers stood at Rs 3.9 crore and they made claims for Rs 1.8 crore

15 March 2019 1:29 AM IST

Its mandatory by law to own a third-party insurance for your vehicles. Third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

5 important facts about car insurance

Which policy should you choose? We share some essential facts to consider while evaluating a car insurance policy.

13 Jun 2019 1:08 PM IST

Life insurance serves several purposes in addition to simply providing your family with basic monetary relief once you are gone.

Irdai delinks personal accident cover from 3rd party motor insurance

The insurers have been asked to file the standalone CPA as a product under the file and use guidelines along with its...

13 Dec 2018 10:02 AM IST

On top of the showroom price, buying a car entails costs towards insurance, road tax, registration, and GST on factory price as well as on insurance.

Insurers worried about lack of clarity on long-term third party motor...

They also apprehend an adverse impact of the long-term third party policy on own damage cover.

16 Aug 2018 11:14 AM IST