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Got 25% lesser payment against car insurance claim for damaged motor parts? Know why and how to avoid itMany car owners are shocked to receive significantly less than their claimed amount for damaged car parts, since they fail to account for d...- Insured Declared Value in motor insurance cover: How is it calculated, is lower IDV better?If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In t...
- The impact of car insurance on your car resale valueCar insurance significantly impacts the resale value of used cars. Factors such as Insured Declared Value (IDV), depreciation, claims histo...
- Types of car insurance plans you should know aboutIndia mandates third-party insurance (Motor Vehicles Act 1988). IRDAI sets premiums. Types: third-party liability, Own Damage, and Comprehe...
- Motor insurance rule change: No arbitrary claim rejection, quicker claim settlement, pay as you drive option must, says IRDAIMotor Insurance New Rules by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has updated the master circular cla...
- How to select the right motor insurance cover: 8 points to considerEvaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage...
- Unlock the road to secure celebrations: A comprehensive guide to motor insurance this festive seasonAs the festive season approaches, whether you're welcoming a new vehicle into your life or your motor insurance renewal is due, don't delay...
- Car loan may not be the best option to buy a used car; consider these ways insteadThere are a good number of buyers who go for a second-hand car. Cost-effectiveness is, of course, a major factor. A two-year-old vehicle ca...
- You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?The 'Pay As You Drive' insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay...
- 10 changes IRDAI has proposed in 2019 to make motor insurance a simpler productThis year, a separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the thir...
- No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposalThe Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed poli...
- Six ways your motor insurance policy is set to change. Here's how it could affect youThe Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of...
- Motor insurance policy provides total loss benefit against car accident: What it means for you?IDV is calculated by considering the manufacturers listing price of the vehicle minus depreciation. However, the cost of registration and i...
- Motor insurance: Should you opt for lower IDV, voluntary deductible to reduce premium payable?Insured Declared Value means the maximum value for which your car is insured in case of total loss/theft in a particular year.
- 7 common money myths that are still doing the roundsInvestors harbour several misconceptions about financial matters. ET Wealth unravels the truth behind them.
- Car insurance versus life insurance: Why one is more important than the otherCar insurance is compulsory but life insurance is more important.
- Planning to renew your car insurance? Here's why it's important to set the IDV correctlySettling for a lower insured declared value may keep the premium lower, but you may also end up with a lower claim amount.
- Auto insurers to deduct depreciation on painting claimsInsurers may deduct around 17.5% from painting charges if Irda comes out with a regulation. ET explains the impact and the possible way out.
- How do companies calculate car insurance premiumHere are the factors that influence the premium that you pay for your car insurance.
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