Despite data availability, nearly half of India's vehicles are uninsured, posing risks, according to New India Assurance CMD Girija Subrama...

The proposal was part of the presentation made during 'Bima Manthan', organised by insurance regulator, the Insurance Regulatory and Develo...

The court's order was passed on a petition by the legal heirs of a deceased accident victim, who sought compensation for themselves as well...

The agency expects motor insurance premiums to grow at around 6% to 8% driven by any increase in third party insurance rates and higher aut...

Weak enforcement by traffic police in states, lack of follow-up by insurers and rising cost of third-party covers has resulted in a larger ...

Insurers said that the stricter enforcement of penalties by the police has led to this massive surge in customers buying mandatory third-pa...

The cost of insurance is less than penalties under the new Motor Vehicles Act.

A parliamentary standing committee had recommended to the government to consider a framework to make third-party insurance a one-time affai...

In 2015-16, India had around 19 crore registered vehicles; of these, only 8.26 crore were insured, said GIC secretary general R Chandraseka...

One of the key moves is to ensure that Indian antiquities travelling within the country and overseas are well protected by insurance cover.

At 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...

In recent years, the number of two-wheelers has grown exponentially in rural areas where insurance papers are seldom checked by the enforce...

Other 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...

With advancement in printing technology, it is possible for fraudsters to replicate policies of existing companies, helping them get throug...

The database will also be shared with local police authorities as well as regional transport authorities so that they can take appropriate ...

The General Insurance Council along with general insurers are working on establishing a Motor Insurance Bureau (MIB).

IRDA is deploying technology which will enable a simple SMS query to ascertain whether a vehicle is insured or not.