Insurance firms may have to pay only up to Rs.10 lakh for accidents
A proposed amendment to the Motor Vehicles Act, 1988 could mean bad news for vehicle owners in case of road accidents.
Motor Insurance: Insurance firm told to pay Rs 2.75 lakh as value of salvage for damaged car
The UT District Consumer Disputes Redressal Forum has directed United India Insurance Company Limited to pay Saurav Bhatti, a resident of Sector 40, Rs 2.75 lakh as a value of…
Kin of traffic cop killed in road mishap get Rs 37 lakh
The family members of a traffic constable, who died after a motorcyle hit his two-wheeler, have been granted over Rs 37 lakh as compensation by a motor accident claims tribunal…
New India Assurance Insurance firm to pay Rs 1.05 lakh for denying medi-claim
New India Assurance has been directed by a consumer forum here to pay Rs 1.05 lakh to a policy holder for rejecting his claim for medical expenses incurred on treatment…
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to…
Motor Insurance: Various types of Motor insurance policies available in India
The India Motor Tariffs, as amended in July 2002 provided for two types of Policy forms. These were:
Motor Insurance: Sold car/bought car? ‘Pay compensation’
A Motor Accident Claims Tribunal (MACT) has held both the original owner and a subsequent purchaser of an uninsured vehicle involved in  road mishap liable to pay compensation to the…
Fire Insurance: Basic principles essential to Govern Fire insurance
The basic principles that govern Fire Insurance are:
Motor Insurance is a contract of Indemnity.” Discuss
The principle  of indemnity requires that when a loss arises  under an insurance policy, the loss must be made good in such a manner that financially the insured is neither…
National Insurance to pay Rs 15L to girl
A girl, who lost her father in a road accident when she was nine years old, was awarded compensation by the Thane Motor Accident Claims Tribunal after 12 years of…