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Edelweiss launches driver-based motor insurance: Now you can switch on your policy when needed

Edelweiss SWITCH has been developed with the specific needs of today’s customer in mind, where you may not use your vehicle regularly or may choose to alternate between your car and two-wheeler.

You can now buy a motor insurance policy using the Flipkart app

The Insurance industry of India has witnessed significant growth in the past few decades. With the introduction of new products and plans, it has not only helped consumers by providing financial protection but also contributed to the nation's economy

BHARTI AXA General Insurance to offer ‘pay as you drive’ motor insurance policy

Notably, Bharti AXA General Insurance’s proposal for a usage-based motor insurance product was shortlisted by the Insurance Regulatory and Development Authority of India for its regulatory sandbox project.

Acko General Insurance offers one month free auto insurance amid COVID-19 lockdown

"To support customers during this time where their car/bike will not be in use, Acko General Insurance has decided to not charge insurance for one month and has announced an industry-first initiative that gives a one-month insurance extension to car and bike owners," Acko General said.

Can’t deny insurance claim over driver’s fake licence: Supreme Court

Can’t deny insurance claim over driver’s fake licence: Supreme Court

The SC said wilful breach of the conditions of the insurance policy should be established to deny claim to the insured.

Five things to know about motor insurance riders

Personal accident cover is a type of rider. It covers permanent disability and death of the driver, in case of road accidents.

Lens on motor covers may aid buyers

Insurance company officials say that fining brokers for dealing with select companies could now open up the business for two dozen companies. Customers could benefit if upstart companies start quoting low rates to get a toehold in the motor business.

How to use NCB of old car insurance to reduce new car policy premium

The No Claim Bonus (NCB) is given to the policy owner and not to the insured vehicle. Therefore, the NCB cannot be passed on to another name. However, you can use the retained NCB (certificate is issued) when buying a new policy for your new car.

10 changes IRDAI has proposed in 2019 to make motor insurance a simpler product

This year, a separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the third-party motor insurance premium for electric vehicles are issued at a discount of 15 percent.

Six ways your motor insurance policy is set to change. Here's how it could affect you

Six ways your motor insurance policy is set to change. Here's how it could affect you

The Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of motor in

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