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UNINSURED VEHICLES IN INDIA
Third party premiums take the wheel in motor cover growthTP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ...- Non-life insurers told to work closely with states, build trust"Today, 55% of vehicles on the road across categories including two-wheelers are uninsured," said Deepak Sood, a member of the Non-life Ins...
- Uninsured cars may soon face a huge hike in penaltyIn a bid to enhance road safety, the Ministry of Road Transport is proposing significant amendments to the Motor Vehicles Act. The Centre p...
- Half of India’s vehicles still uninsured, says New India Assurance chiefDespite data availability, nearly half of India's vehicles are uninsured, posing risks, according to New India Assurance CMD Girija Subrama...
- Refuse fuel to uninsured vehicles, suggest insurersThe proposal was part of the presentation made during 'Bima Manthan', organised by insurance regulator, the Insurance Regulatory and Develo...
- Implement law on compensation to accident victims : Delhi HC to CentreThe court's order was passed on a petition by the legal heirs of a deceased accident victim, who sought compensation for themselves as well...
- Motor insurance showing signs of recovery post-Covid: CARE RatingsThe agency expects motor insurance premiums to grow at around 6% to 8% driven by any increase in third party insurance rates and higher aut...
- Around 57% of vehicles in India uninsuredWeak enforcement by traffic police in states, lack of follow-up by insurers and rising cost of third-party covers has resulted in a larger ...
- Stiff fines drive third-party motor insurance businessInsurers said that the stricter enforcement of penalties by the police has led to this massive surge in customers buying mandatory third-pa...
- Demand for motor cover spikes on penalty fearsThe cost of insurance is less than penalties under the new Motor Vehicles Act.
- 3-year third-party insurance premium at car registration?A parliamentary standing committee had recommended to the government to consider a framework to make third-party insurance a one-time affai...
- 60% of vehicles on Indian roads don’t have insuranceIn 2015-16, India had around 19 crore registered vehicles; of these, only 8.26 crore were insured, said GIC secretary general R Chandraseka...
- Government working on insurance protocol for art objects in museumsOne of the key moves is to ensure that Indian antiquities travelling within the country and overseas are well protected by insurance cover.
- Drunk driving may lead to fine of Rs 10,000At present, the fine is up to Rs 2,000 or jail up to six months for first drunk driving offence and the new provision proposes Rs 10,000 fi...
- 75 per cent of two-wheelers in India have no insuranceIn recent years, the number of two-wheelers has grown exponentially in rural areas where insurance papers are seldom checked by the enforce...
- A 3-year motor cover may save you many a hassle: ExpertsOther than the possible discounts on premium, a two-wheeler rider can avoid having to renew the cover every year by opting for a 3-year dea...
- Up to 35 per cent cars on roads without insuranceWith advancement in printing technology, it is possible for fraudsters to replicate policies of existing companies, helping them get throug...
- Motor Insurance Bureau to keep tab on uninsured vehiclesThe database will also be shared with local police authorities as well as regional transport authorities so that they can take appropriate ...
- General insurers to set up Motor Insurance BureauThe General Insurance Council along with general insurers are working on establishing a Motor Insurance Bureau (MIB).
- An SMS could end your vehicle's insurance-free rideIRDA is deploying technology which will enable a simple SMS query to ascertain whether a vehicle is insured or not.
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