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MANDATORY MOTOR THIRD
Govt plans 10% hike in third-party motor insurance premiumInsurers had earlier written to the government and regulator seeking a 5-15% increase starting April 2025, citing mounting pressure from ri...20 Jun, 2025, 12.33 AM IST- Third-party motor cover may cost more from AprilInsurance companies in Mumbai anticipate a 15-20% hike in third-party motor insurance premiums from April 1 due to increasing claims and st...28 Mar, 2025, 12.37 AM IST
- IRDAI organises hackathon, invites innovative solutions for insurance sector"The hackathon invites participants to identify and develop solutions that have the potential to make the insurance available to every indi...15 Aug, 2022, 06.27 PM IST
- 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 ...31 Aug, 2021, 07.08 AM IST
- Now, government will fix third-party insurance premiaThe transport ministry will soon notify the rules specifying how it will fix the premium amount for each category of vehicle.30 Jan, 2020, 10.46 AM IST
- Irdai makes long-term 3rd-party insurance must; car, bike purchase to cost more from Sep 1The three-year third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000 cc, Rs 9,534 (1,000 - 1,500 cc) an...30 Aug, 2018, 09.50 PM IST
- Non-life insurers to seek more time from SC for changes in motor cover normsNon-life insurers to petition the Supreme Court even as Irda says it needs time to clear products of all general insurers.09 Aug, 2018, 08.29 PM IST
- Insurers face up to Rs 25,000 crore hit, motor premiums may riseIndustry expects rates may go up by 20-30% after govt increased compensation for third-party deaths to Rs 5 lakh.30 May, 2018, 11.19 AM IST
- IRDAI tells insurers to offer 3rd party motor cover onlineThe IRDAI circular follows SC Committee directive on Road Safety to ensure that all vehicles on the road have mandatory third party insuran...02 Jan, 2018, 11.18 AM IST
- 5 smart things to know about third-party motor insuranceThird party motor insurance is mandatory and only covers the liability from damage in the form of death or property damage caused to a thir...18 Apr, 2016, 09.23 AM IST
- Third party motor business now mandatory for general insurersThe Insurance Regulatory Development Authority (IRDA) is likely to come up with its operational guidelines on the subject shortly.01 Jan, 2015, 10.34 PM IST
- HC quashes IRDA order to hike third-party premiumThe Calcutta High Court, in an order on Monday, quashed a notification by the insurance regulator raising premium on motor vehicles for thi...21 Jun, 2012, 11.32 AM IST
- Discounts on own-damage motor policies lowered down by 20%Non-life insurers have lowered discounts on commercial and private own-damage motor policy by as much as 20%, as third-party motor risk mov...30 May, 2012, 04.28 AM IST
- Essential changes to be made in motor insuranceThe Finance Ministry is considering to make it mandatory for all private general insurance companies to provide third party motor insurance...02 May, 2007, 06.10 PM IST
- 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...11 Dec, 2006, 02.18 AM IST
- IRDA to consult govt on motor insurance tariffThe Insurance Regulatory and Development Authority is likely to consult the government on free pricing of motor third-party insurance in vi...21 Nov, 2006, 02.42 AM IST
- Motor insu panel to submit report on WednesdayMUMBAI: The panel constituted to look into revising motor insurance premium rates will submit its report to the Tariff Advisory Committee o...21 Jan, 2002, 02.18 AM IST
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