Motor Insurance Policy

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

Sitharaman's sops likely to spur motor insurance companies' growth

The enhanced depreciation is expected to motivate vehicle makers

Reforms to make motor insurance policies costlier, but that's good news

After the latest regulatory changes, customers should compare expenses and features more diligently before purchasing motor vehicle insurance

Small players point to problems in multi-year motor insurance policy

Some of these companies have apparently quoted the regulator, Insurance Regulatory Development Authority of India (Irdai), supporting their position