Motor Insurance News

Buying a car is one of the many dreams on our bucket list that we want to achieve. It's a big financial decision and comes with a lot of responsibility. But once you buy your car, the feeling is exhilarating. However, ...

Ever since the Motor Vehicles Act made it mandatory for car owners to have a motor insurance policy, Insurers have provided a diverse range of motor insurance products that protect the insured from the financial jolt that follows in cases of ...

The Union Road Transport Ministry has put a proposal for increasing motor insurance premium for various vehicle categories from next fiscal. This shall hence lift insurance costs for two-wheelers as well as four-wheelers. In consultation with the insurance regulator, ...

The Ministry of Road Transport & Highways has issued a draft notification to make FASTag mandatory for old vehicles sold before 1 December 2017. It has also proposed making FASTag mandatory to buy a new third party motor vehicle insurance. If ...

From 1 August 2020, as per IRDAI's (Insurance Regulatory and Development Authority of India) mandate, long term motor insurance packages that cover both third-party damage and own damages, for 3 years on cars and 5 years for two-wheelers, will be withdrawn. ...

Beginning August 1, 2020, IRDAI said it will took off the shelf its long term motor insurance policy i.e. for a term of 3 years for 4-wheelers and 5 years for 2-wheelers. This is the comprehensive cover which included both third-party ...

Due to the COVID-19 induced lockdown, there has been a sharp fall in the number of claims made to general insurance companies in relation to motor vehicle damages, as policyholders stayed off roads. In the 60 days of complete lockdown across ...