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IRDAI Fines SBI General Insurance, 3 Others For Violation Of Norms
For violating some motor insurance norms, regulator IRDAI fined four insurers a total of Rs 51 lakh, including SBI General Insurance Company. IRDAI charged SBI General Insurance Company with failing to meet its MTP Obligation for the financial year 2017-18, as ...
Irdai Fines Sbi General Insurance 3 Others For Violation Of Norms

Changes In Motor Insurance From 1 August
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packages that cover both third-party damage and own damages, for 3 years on cars and 5 years for two-wheelers, will be withdrawn. ...
How To Claim Insurance For Vehicle Damaged In A Natural Calamity?
Recently, two separate cyclones-Amphan and Nisarga-hit the east and west coast of India, respectively. These strong winds caused destruction to property and in some places, loss of life. Cars and bikes were damaged due to uprooted trees or by submerging in ...
How To Claim Insurance For Vehicle Damaged In A Natural Calamity
Your Motor Insurance Premium Could Get Lower Due To Lockdown
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 ...
Health Insurers To Accept Premium In Installments Amid Covid 19
To simplify health insurance, the government last year took initiative and announced that all health and general insurers should work to come up with a standardized plan such that buyers no longer face the hardship in selecting the relevant plan. Such ...
Health Insurers To Accept Premium In Installments Amid Covid
Third Party Motor Insurance Premium To Increase
As per a TOI report, if the proposal by the insurance regulatory body goes through there shall be an increase in third-party insurance for both cars and two-wheelers. For hatchbacks not with engine capacity over 1000 cc and sedans with capacity ...
6 Reasons Why You Should Opt Comprehensive Motor Insurance
To adhere to regulatory requirements, while most people end up buying third-party motor cover which is mandatory as per The Motor Vehicles Act 1988 , you should however go in for the comprehensive policies. Below are given some of the benefits ...
Reasons Why You Should Opt Comprehensive Motor Insurance
IRDAI Proposes No Depreciation For Cars Up To 3 Years
Irdai has come out with a new proposal to determine the sum insured in case of motor vehicle including both 2-wheeler as well as private cars. In the proposal made, the working group on 'Product Structure for Motor Own Damage cover' ...
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