News
Third party premiums take the wheel in motor cover growth
3+ hour, 34+ min ago (329+ words) The Economic Times MUMBAI: Growth in third-party (TP) motor insurance premiums has edged past the own-damage (OD) segment, marking a reversal of the post-pandemic trend as enforcement against uninsured vehicles intensifies. TP premiums rose 9. 3% in FY26, compared with 9% growth in OD,…...
How to choose the right car insurance for a used car in India
2+ mon, 3+ week ago (703+ words) Securing the right insurance for your used car is crucial, just like choosing the vehicle itself. Understand the mandatory third-party cover, comprehensive protection, and standalone Own Damage options. Follow five simple steps, including using a car insurance calculator, to find…...
Insurance mis-selling in India: How banks and agents push mis-sold policies
3+ mon, 1+ day ago (1209+ words) Financial year-end targets fuel aggressive sales tactics in insurance. Customers are being sold policies they do not need, often through cold calls or bank relationships. This mis-selling is a growing concern, with many victims unaware of their rights or how…...
Over 50% of vehicles lack third-party insurance; is yours among them? Know legal consequences, cost of coverage, and savings
3+ mon, 2+ week ago (745+ words) Driving without third-party motor insurance in India carries severe penalties. This mandatory cover protects accident victims financially. Penalties include hefty fines, potential imprisonment, and license suspension. Read on to know the penalties for not having it, costs for two-wheelers and…...
Fresh curbs on insurance commissions likely as expense breaches mount in FY25
3+ mon, 4+ week ago (432+ words) Insurance regulators are concerned about rising distribution costs inflating premiums. This follows the removal of product-wise commission caps. Several life and non-life insurers exceeded expense limits in FY25. A committee is reviewing compensation norms amid surging breaches. Discussions are underway on…...
Electric vs. conventional vehicle insurance: What sets them apart?
4+ mon, 2+ week ago (448+ words) India's EV adoption is growing, making EV car insurance crucial. Unlike conventional policies, EV insurance covers unique components like batteries and charging systems. Premiums and coverage differ due to specialized parts, repair needs, and add-ons like battery protection, reflecting the…...
Insurance chaos exposed: Why your policy gets dropped without warning
5+ mon, 4+ day ago (601+ words) An insured driver learns his long-standing motor policy won't be renewed despite a minor claim. Experts reveal how insurers rely on broad risk decisions, poor data use, and arbitrary practices, leaving customers helpless....
Is your car insurance coverage adequate for winters and snow storms? What you need to know to stay protected
5+ mon, 1+ week ago (115+ words) Canadian Olympic swimming champion Penny Oleksiak suspended for two years over anti-doping whereabouts failures Who is Colleen Jones? Two-time World champion curler and veteran Canadian broadcaster dies at 65 What exactly is the Canada Pension Plan? New CPP payments rolling out…...
Have unclaimed insurance amount? Here's how to check and claim your hidden wealth
5+ mon, 1+ week ago (724+ words) Over "25, 000 crore remains unclaimed in Indian insurance policies due to forgotten claims or unaware nominees. Tracking and claiming these dormant funds is now easier through insurer websites and the IRDAI's Bima Bharosa portal. It offers simple ways to check for…...
2047 & beyond - Building a nation where every citizen is insured
6+ mon, 3+ week ago (372+ words) As India aims for Viksit Bharat by 2047, financial independence for every citizen is paramount. The IRDAI's 'Insurance for All' vision, supported by government schemes and industry innovations like Bima Trinity, is making insurance accessible and comprehensive. This drive aims to…...