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COMPULSORY PERSONAL ACCIDENT
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’ ...- 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. ...
- Pay just Rs 800 more to upgrade car insurance personal accident cover to all-round 24X7 personal accident policyIt is mandatory to buy a personal accident cover of Rs 15 lakh under car insurance, if you are the owner-driver of a car. It usually costs ...
- Cyrus Mistry car crash puts focus on govt plans on road safetySpeaking at a media event in New Delhi on Monday, road transport minister Nitin Gadkari said that he was looking at making it compulsory fo...
- Insurance premiums on electric two-wheelers may riseThere have been multiple two-wheeler fires said to involve batteries recently, with some even resulting in loss of life.
- Cashless treatment scheme soon for road accident victims with Rs 2.5 lakh cap per caseFor the cashless scheme for road accident victims, the Ministry of Road Transport and Highways (MoRTH) will set up a Motor Vehicle Accident...
- Reverse parking alerts to be must for trucks, buses from April 2020In a notification issued on Thursday, the road transport ministry said the compulsory installation of reverse parking alert system won’t ap...
- From Jan 1, IRDAI allows unbundling of compulsory personal accident cover in motor policiesEffective January 1, on expiry of a bundled CPA cover, it may be replaced with a stand-alone CPA cover and the same may be taken from any g...
- Reliance General Q2 profit up 20% at Rs 56 croreCombined ratio improved to 106 per cent in the reported quarter.
- Insurance costs hit two-wheeler salesDealers are staring at large inventories built-up ahead of the festivals, as they apprehend a sharp decline in demand compared with last ye...
- New motor rules hike insurance cost of a new car substantiallyIrdai has increased the compulsory personal accident cover for owner driver under motor insurance policies from Rs 2 lakh to Rs 15 lakh.
- Car insurance premium up sharply: Compulsory personal accident cover hiked to Rs 15 lakhIRDAI has asked insurers to provide a minimum cover of Rs.15 lakh under PAC for Owner-Driver at the premium rate of Rs 750 per annum for an...
- What is third-party motor insurance?The policy covers the insured for accidental damage to other people’s property and also for causing accidental injury or death to other peo...
- HC directive to IRDA on enhancing accident cover for victimsA division bench comprising justices R Subbiah and A D Jagadish Chandira gave the order while allowing an appeal by United India Insurance ...
- Intelligent driving solutions feature in new Motor BillThe Narendra Modi government has unveiled an ambitious 'vision' for reducing road fatalities by 20 per cent annually as part of the draft R...
- Intelligent driving solutions feature in new Motor BillThe Narendra Modi government has unveiled an ambitious 'vision' for reducing road fatalities by 20 per cent annually as part of the draft R...
- Road safety authority in the worksA draft bill put out by the ministry on Saturday has proposed a penalty of Rs 5 lakh and imprisonment for faulty manufacturing design.
- Insurers liable to pay compensation even if vehicle ownership changes: SCThe Supreme Court has ruled that insurance companies are liable to pay compensation to claimants even if ownership of the vehicle in questi...
- High Court directs IRDS to provide nomination facility in motor insurance policyThe Lucknow bench of the Allahabad High Court has directed the IRDA to provide nomination facility in all motor policies.
- Query Corner: InsuranceAmit Suri, CFP,AUM,FINANCIAL PLANNERS
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