The SC said wilful breach of the conditions of the insurance policy should be established to deny claim to the insured.
Personal accident cover is a type of rider. It covers permanent disability and death of the driver, in case of road accidents.
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.
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.
This year, a separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the third-party m
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.
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.
To avoid getting your insurance claim rejected, you must keep car keys handy at time of making claim.
Understand the process before you dash off to renew a lapsed motor policy.
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