In a notification, Insurance Regulatory and Development Authority of India (IRDAI) has withdrawn the newly launched long term-third party insurance cover which is issued for three/five years for new vehicles and two-wheelers. This will be effective from August 1, 2020 and make insurance cover affordable for vehicle owners. The
Tata-AIG has launched the new usage-based car insurance policy. Along with that, the insurance company has rolled out a new telematics-based application and device ‘AutoSafe’. The policy is designed to enable policyholders save more money on their premium by paying only for the kilometres that they drive. About the AutoSafe
The Ministry of Finance on Friday has issued notification thereby allowing Health and Motor Insurance Policyholders to make premium payments which are due during COVID-19 lock-down till 15th May in the interest to support the countryman. Key Takeaways: Premium due between 25th March to 3rd May 2020Health, Motor Insurance included
Insurance policy is the best possible way to protect your bike against expenditures incurred due to an accident or theft. However, you are also legally liable under the Motor Vehicle Act, 1988 to always keep your vehicle insured. Buying third party insurance is mandatory for a vehicle owner in India.
The automobile sector has been one of the biggest beneficiaries of the cashless insurance policy as it brings a lot of convenience for the policyholder. Healthcare was the first sector where the concept of cashless insurance was introduced to provide hassle-free claim settlement for patients. Over the time, the convenience
You must renew your car insurance policy every year. However, you can reduce the price of the premium significantly by following some steps. Renewing a car insurance policy always pinches our pocket. The Motor Vehicle Act makes it mandatory to have valid car insurance and most importantly, it keeps you
Congested roads, poor enforcement of traffic rules and over-speeding vehicles expose riders to a lot of danger on Indian roads. Hence, it becomes important for two-wheeler riders to have sufficient accident cover in their insurance policy. India is the largest consumer of two-wheeler vehicles in the world. That being said,