Tag: motor insurance

How to file insurance claims if your vehicle is damaged due to recent cyclones

NEW DELHI: Cyclone Tauktae and Yaas have caused damage to vehicles (cars and bikes) and loss to property in some parts of the country. Several...

Use NCB of old vehicle insurance policy to reduce new vehicle policy premium

NCB is a benefit that accrues to the policyholder if no claims are made during a policy period. Hence, at the time of renewal, you...

Scrappage policy may lower your car insurance premium

Older vehicles are not only more hazardous but also carry a greater risk of breakdowns and accidents. They also lead to more pollution. In this...

What does scrapping of long-term motor covers mean for existing policyholders?

The Insurance Regulatory and Development Authority of India, in June, asked all general insurers to withdraw long-term packages offering both third-party liability (TP) and own-damage...

Long-term comprehensive motor cover won’t be available soon

The Insurance Regulatory and Development Authority of India (Irdai) on 9 June asked all insurers to withdraw long-term packages offering both third-party (TP) and own-damage...

You can no longer buy a long-term comprehensive motor insurance cover

The Insurance Regulatory and Development Authority of India (Irdai) on Tuesday asked all insurers to withdraw long-term packages offering both third party (TP) and own-damage...

You can soon opt for fixed payout on motor insurance claims

Regulatory sandbox is a workspace where tech-driven companies can ideate, innovate and test financial products. The insurance regulator invited applications for sandbox between September and...

Motor insurance doesn’t cover wear and tear

I have a life insurance policy in India, but I work in Nigeria. Will my residential status affect my claim disbursal? Also, will my dependants...

Are you prepared for natural disasters

Cyclone Amphan, which made landfall in India last week, has caused massive damage in the states of Odisha and West Bengal and left many dead....