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CAR INSURANCE COMPENSATION
Man loves neighbour's tree shade, parks his car under it for years. Storm hits and then demands Rs 72,000 from neighbour for car damage. Should he pay?A neighborhood dispute over a fallen tree and a Rs 72,000 compensation demand has gone viral. A man claims his neighbor, who regularly park...- Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
- Insurance cos expand war-risk cover in UAE as tensions riseWar-risk insurance is now available for everyday consumers in the UAE. Insurers are offering new policies for cars, cargo, and travel. This...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- Compulsory insurance explained: The hidden rules, types, and truth you must know nowCompulsory insurance is a legal rule that forces people or businesses to buy certain insurance. It mainly covers car, motorcycle, workers’ ...
- 'My first layoff in life': Why a young woman felt a bit of relief after getting laid off? - 'Perhaps this is a turning point'A young professional lost her job at a global corporation. The company restructured, moving operations to lower-cost regions. This sudden c...
- Most difficult: Staying invested in businesses while ignoring noise called Gulf war; 19 stocks from different sectors to ‘hold’Businesses that create long-term wealth are those where the demand runway is long, the competitive position is strong, and the management i...
- ₹80,000 crore in motor accident claims stuck as compensation system fails victims: ReportA massive ₹80,000 crore in motor accident compensation claims remains stuck in India's legal system. Over 10.46 lakh cases are pending, wit...
- Repeated car starting problems even after several service centre visits held as deficiency in service; owner wins Rs 4 lakh compensationA new diesel car owner won Rs 4 lakh compensation after his vehicle developed persistent electrical and battery issues within four months o...
- Don’t drive without third party insurance: It's mandatory and can save you from crippling liabilitiesIt’s mandatory, affordable, and your best defence against crippling liabilities.
- When will your insurer not cover claims under your third-party motor insurance?Driving in India without third-party (TP) insurance is illegal and can result in financial burdens if caught without a valid policy. Howeve...
- Why it is important to have third-party car insuranceDriving responsibly is crucial for safety, and third-party car insurance is mandatory in many countries, including India. Lacking this insu...
- Third-party auto premium may rise up to 30%The increase in rates means that buyers may need to pay Rs 822 more for big cars and Rs 266 more for midsize ones. Renewal rates will also ...
- Insurers deny giving relief to Aston Martin victimsThe speeding Aston Martin, worth Rs 4.5 crore, had crashed into the Audi and Elantra in the early hours of December 8 on Pedder Road, accor...
- Should there be a limit on compensation for accident victims?An amendment to the Motor Vehicles Act may place a ceiling on the compensation for accident victims, which may fall short of current medica...
- How do companies calculate car insurance premiumHere are the factors that influence the premium that you pay for your car insurance.
- Full value of stolen vehicle be paid to policy holder: SCDRCThe Delhi State Consumer Commission has held that an insurance company is liable to pay the full value of a stolen vehicle to a policy hold...
- Insurance firms to pay for pillion riders tooFamilies of pillion riders of two-wheelers and car passengers who die in road accidents will now be eligible for monetary compensation from...
- Insurance co not liable to pay 3rd party to driver: HCAn insurance company is not liable to pay a third-party insurance to the driver of the vehicle which it has insured, the Bombay High Court ...
- Who’s covered under 3rd-party insurance?Motor third-party insurance or third-party liability cover, which is sometimes also referred to as the ‘act only’ cover, is a statutory req...
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