Car Insurance Policy

Driving without valid insurance can invite heavy fines or even legal action

Magma HDI has introduced two new add-ons to its motor insurance policy that could help reduce these unexpected costs

Pay As You Drive (PAYD) is a "usage-based" car insurance

An expired or lapsed insurance policy renders your vehicle uninsured. If you meet with an accident during this period, your claim will be rightfully rejected.

In flood-prone areas, engine protection, zero depreciation, and roadside assistance riders are must-haves

As of now, PhonePe offers a number of insurance products, including health insurance, car insurance, bike insurance, and travel insurance, among others

We explore the essential factors to consider when purchasing insurance for electric and hybrid cars

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

Flood damage is typically covered under a comprehensive insurance plan that offers protection for damage caused by natural disasters such as floods, earthquakes, and cyclones, as well as accidents

It is important for policyholders to understand that standard car insurance policies might not provide adequate coverage for specific monsoon-related perils

Motor insurance, which saw muted growth in the last two years, has finally seen some momentum, although the base is low

Floater policies will be cost-effective, provide convenience of renewal at one go for multiple vehicles

The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment's underwriting losses, Crisil Ratings said in a report. The premium rates for third-party motor insurance have been increased from June 1. Premiums for two-wheeler insurance have risen the most -- by 12-21 per cent -- across engine capacities. For private cars, the maximum increase is 6 per cent. "The Ministry of Road Transport and Highways' move to increase the premium on third-party motor insurance after two years is a step in the right direction, but unlikely to fully offset the segment's underwriting losses," the rating agency said in the report. Third-party insurance cover is for other than own damage and is mandatory (as per the Motor Vehicles Act, 1988) to purchase along with own damage cover. Underwriting losses occur when claims are higher than the premium income of an insurance company. The last time premiums were hiked was in June 2019 and ...

The usage-based private car cover, launched under the Irdai's regulatory sandbox, is more affordable offering customised solution towards one's driving profile apart

Usually, general insurers give 30 days for health and 90 days for auto insurance policyholders to pay renewal premiums, even after the due date has passed

You need to inform to the insurance company about any changes or modification you have done to the insured vehicle, says expert

The CPA cover will also be available with the third-party liability policy and the comprehensive policy (third party plus own damage), as it is today