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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

The Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of motor insurance policies. Here are six key changes that you need to be aware of.

No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposal

No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposal

The Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed policy wordin

Not insuring your car keys can cost you heavily now

If you have a car with remote-key/keyless FOB, taking insurance cover for your car keys becomes important. A car key insurance add-on in your policy covers the cost of replacing complete key lockset in a situation where you have lost your car keys.

Insurance company can reject claim for stolen car if you don't have all keys

To avoid getting your insurance claim rejected, you must keep car keys handy at time of making claim.

Has your motor insurance cover lapsed? Here's all you need to know about renewing it

Understand the process before you dash off to renew a lapsed motor policy.

Demand for motor cover spikes on penalty fears

The cost of insurance is less than penalties under the new Motor Vehicles Act.

Can standalone OD car insurance policy remain valid if third-party insurance expires earlier?

Can standalone OD car insurance policy remain valid if third-party insurance expires earlier?

What if the new vehicle owner does not renew the standalone OD policy on expiry of the previous 1-year OD policy but buys a new OD policy after a ti

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