News
Before The Monsoon Hits Hard, Check What Your Car Insurance Doesn't Cover
11+ hour, 35+ min ago (530+ words) While a comprehensive motor insurance policy covers accidental damage, not every type of monsoon-related loss is automatically included. Some situations may require specific add-on covers, which many vehicle owners either overlook or choose to skip while renewing their policy. The…...
These 5 Insurers Recorded Most Policyholder Complaints In FY24: Report
10+ mon, 1+ week ago (153+ words) While grievances in life and general insurance declined in FY24, health insurance complaints surged by 21. 7 per cent year-on-year....
From Waterlogging to Engine Damage: Insurance Add-Ons That Protect Your Car During Rains
11+ mon, 1+ week ago (304+ words) The rainy season comes with several risks, including an increased risk of accidents and damage to vehicles. Hence, it is important to secure your vehicles and make them monsoon-protected or monsoon-ready. "A standard comprehensive motor insurance policy typically covers damage…...
Monsoon Mayhem: Motor Insurance Claims Spike, But Most Policyholders Still Lack Key Cover
11+ mon, 3+ day ago (452+ words) When the monsoon arrives, so do the repair bills for vehicle owners due to rain-related damages arising mainly out of'urban floods and waterlogging issues. According to the latest data from Policybazaar. com, an online insurance marketplace, the average motor insurance…...
What Happens When You Let Your Insurance Policy Lapse
11+ mon, 3+ week ago (338+ words) Insurance companies typically provide a grace period of 15 to 30 days to pay the premium before the policy lapses If your health insurance policy lapses, the biggest concern is losing your coverage Consequently, the insurer will not pay for any medical…...
Why EV Damage Leads To Significantly Higher Insurance Claims
6+ mon, 3+ week ago (298+ words) Summary of this article EV insurance premiums rise as average EV repair now touches Rs 39, 000. High-voltage batteries and ADAS tech push EV claim severity 2229 per cent higher. EVs face frequent total-loss assessments due to costly components and high IDV. The electronic…...
Insurer Not Liable For Accident Compensation If Employer Fails To Ensure Valid Driving Licence
6+ mon, 1+ day ago (340+ words) Summary of this article Karnataka HC held the insurer not liable when the driver lacked a valid licence. Employers must verify licence validity continuously, not just at hiring. Breach of policy conditions can shift accident compensation to the employer. The…...
Year End Insurance Review: Why Winter Is The Most Expensive Season For Being Underinsured
6+ mon, 1+ week ago (469+ words) Summary of this article Winter amplifies multiple risks at once, turning small coverage gaps into large out-of-pocket expenses Underinsurance hurts more than no insurance when claims are partially paid Health, motor, travel and home covers must be viewed as a…...
Buying Term Insurance? Do It Now, Say Experts As Premiums Will Likely Surge
1+ year, 1+ week ago (337+ words) Term insurance premium rates in India are rising. A variety of considerations, including real-world mortality rates related to Covid19, hardened global reinsurance rates, and domestic insurers pricing premiums closer to realistic mortality rates, have led to this increase. Adds Kunal Varma,…...