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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.

Share of third party cover rising in motor premia

The past three years have seen a steady rise in this share and from this year onwards the growth momentum could spike...

9 Dec 2019 1:19 AM IST

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.

Proposal to raise third party premiums

In the case of electric private cars and electric two-wheelers, a discount of 15 per cent has been proposed in the TP...

21 May 2019 2:26 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