Insurance companies in Mumbai anticipate a 15-20% hike in third-party motor insurance premiums from April 1 due to increasing claims and st...

According to the proposed revised rates, private cars with 1,000 cubic capacity (cc) will attract rates of Rs 2,094 compared to Rs 2,072 in...

It has said it will step in to stop smaller private general insurers from deriving undue arbitrage advantage from the motor third-party poo...

The IRDAI has proposed to increase the Motor Third Party (TP) premium rates for cars with engines below 1000 cc to Rs 2,182 from the existi...

Normally, the TP rates are revised from April 1. However, this time, the Irdai had decided to continue with the old rates until further ord...

Insured Declared Value means the maximum value for which your car is insured in case of total loss/theft in a particular year.

TOI has learnt that the issue of high GST on premium came up for discussion at a meeting at Prime Minister’s Office.

Transporters have been demanding that the regulator fix the cap for premium and allow insurance firms to offer discounts so that policy buy...

For new buyers, there will be three options- Long-term package, bundled package, and a standalone TP cover.

Following a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor cov...

Irdai has released exposure draft on premium rates for motor third-party (TP) insurance covers for 2018-19 fiscal and has invited stakehold...

The revision will hit owners of the entry-level cars - below-1,000CC segment - the most as the rise in TP cover proposed for this category ...

Insurers in TP motor segment may have to provision Rs 6,500 cr more to comply with IRDA's directive, a CRISIL report today said.

Higher provisioning requirement in third party motor insurance segment by the insurance regulator (IRDA) is likely to increase losses.

Remember the popular Hero Honda punch line ‘Fill it. Shut it. Forget it!’ A similar concept is being developed by the general insurers for ...

Public sector insurers continue to write the lion’s share of motor third-party insurance premium.

Detariffing will increase underwriting losses of insurance firms since benefits from the increase in motor (TP) third party premia may not ...