motor insurance

Recently Union Home and Cooperation Minister Amit Shah announced that India's cooperative sector will soon have its own dedicated insurance company. This initiative aligns with the Centre’s broader strategy to…

Case Title - HDFC ERGO General Insurance Company Ltd. v. Nayajoddin Nijamuddin and Ors. Summary The Bombay High Court has ruled that an insurance company can retain liability under the…

Policybazaar has launched a new "monthly mode" car insurance policy, a first for the motor insurance industry. This option allows customers to pay premiums on a monthly basis, unlike traditional…

The Indian general insurance industry is witnessing a steady growth, in a range of 10-15%, driven by increasing awareness, regulatory reforms, and rising demand across sectors. About Mr. Subrata Mondal…

Overall Performance 1. Gross Direct Premium (Within India): The gross premium grew by 76%, from Rs.2,56,894 crore in 2022-23 to Rs.2,89,683 crore in 2023-24. Public sector insurers showed modest growth at 88%,…

As The Insurance Times proudly enters its 45th year, we reflect on the journey that has made this publication an enduring voice of the Indian insurance industry. Over the decades,…

Magma HDI General Insurance has entered into a corporate agency agreement with Mahindra Finance, a leading non-banking financial company (NBFC), to offer a wide range of general insurance products. This…

Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…

The core of the motor insurance business, which is accident risk, is clearly at risk. Motor Insurance 2.0, a joint report by The Boston Consulting Group and Morgan Stanley, written…

In today’s unpredictable world, securing your financial future is more critical than ever. One of the most effective ways to do this is through insurance. Whether it's safeguarding your health,…