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MOTOR INSURANCE COMPLIANCE
SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...- The company is losing money. So why is the boss still taking crores?Companies pay money to the people who run them, and these are often the same people who influence how much they should get. Does this numbe...
- Insurers not liable for accident compensation if driver's licence was invalid: Supreme CourtThe Supreme Court ruled insurance companies are not liable for accidents with unlicensed drivers. Driving without a valid license can lead ...
- Motor insurance: Consider issuing circular standardising cross-border coverage clauses, SC to IRDAIThe Supreme Court on Monday asked IRDAI to consider issuing a master circular to standardise cross-border coverage clauses in motor insuran...
- SC's ₹30,000 homemaker benchmark may lift accident compensation payoutsA Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantl...
- Haryana cabinet approves new rules: No petrol, diesel vehicles for cab aggregators in NCRHaryana's Cabinet has approved new rules for vehicle aggregators. From January 1, 2026, all new vehicles joining fleets in NCR areas must b...
- Third party premiums take the wheel in motor cover growthTP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ...
- Over 50% of vehicles lack third-party insurance; is yours among them? Know legal consequences, cost of coverage, and savingsDriving without third-party motor insurance in India carries severe penalties. This mandatory cover protects accident victims financially. ...
- Broader market still missing in action as macro signals turn mixed: Ajay BaggaIndia's equity markets are not seeing a broad rally despite strong headline indices. Market expert Ajay Bagga highlights global pressures, ...
- Not strapping on rear-seat belt may impact insurance payoutThe non-compliance of seat belt laws not only puts the vehicle occupants' lives at risk, their kin, in case of an accident, may also end up...
- You need to have a valid PUC certificate to renew your motor insurance: IRDAIThe emission levels are fixed for motor vehicles in India. Once the vehicle undergoes the PUC test successfully, a certificate is provided ...
- Comprehensive insurance cover may make new vehicles costlier by up to 10%As per a Madras HC landmark judgement, vehicle owners now have to purchase mandatory ‘bumper to bumper’ cover, which means that along with ...
- Irdai imposes Rs 51 lakh penalty on 4 insurersA penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third P...
- Churn in insurance: Life is good, non-life is a dragDemand for health insurance has helped non-life insurers tide over the tough times while motor insurance is still struggling due to a fall ...
- IRDAI imposes Rs 15 lakh penalty on Bharti AXA General Insurance CompanyRegulator Irdai has imposed a total penalty of Rs 15 lakhs on Bharti AXA General Insurance Company in two different cases for violation of ...
- Stiff fines drive third-party motor insurance businessInsurers said that the stricter enforcement of penalties by the police has led to this massive surge in customers buying mandatory third-pa...
- IRDAI proposes 10-20% hike in third-party motor insuranceIRDAI’s latest proposal is to raise premiums for bikes, cars, taxis and trucks. Insurers say motor insurance has been an unprofitable segme...
- Insurance claims pouring in from cyclone-hit Andhra Pradesh and OdishaThe rate of insurance might go up due to the two recent calamities. Insurers are currently busy collecting data to arrive at a conclusion.
- Free pricing not to be end of life for insurance policiesNon-life insurers barred from cancelling existing covers for new ones at revised rates, unless asked for.
- Detariffed paperwork awaits insurersGeneral insurers will now have to formulate a detailed underwriting policy paper for their businesses and file it with the IRDA before they...
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