SC wants fund for mishap victims
The Supreme Court has suggested creating a special fund to compensate three categories of vehicle accident victims who are usually short-changed by insurance firms. First, there are those hurt…
Motor claims
The Supreme Court has agreed to examine whether people murdered in motor vehicles are entitled to the accident insurance claims available to those killed in road accidents. "Is it…
Relevance of Investigation and Importance of written statement in MOTOR THIRD PARTY CLAIM CASES
Motor insurance is the biggest and fastest growing portfolio in the Indian general insurance market. There has been an alarming increase in road accidents during recent years.
Motor Vehicles : The Road Killers
In the past few years, the number of registered vehicles, road accidents vis-Ã -vis the casualties and injuries to people have created a history. It is not death alone that is…
CONTEMPLATING MOTOR INSURANCE FREEPLAY
An arm of the Insurance Regulatory and Development authority, the Tariff Advisory Committee is all set to dismantle the Motor Tariff regime from April 2005. The Tariff, which at present…
Treatment of painting charges including materials and other miscellaneous expenses spent by insured in making the new spare parts to fit in the place of damaged parts in Motor O.D. Claims
Under partial losses of Insured vehicle, the question of treatment of cost of colour and painting charges and other miscellaneous expenses spent by insured on the new spare part to…
Third Party Motor Claim (A Solution)
Editorial The Economic Times, The price of risk Premia Must Reflect Profile of Insured. A group constituted by the Insurance Regulatory Authority of India (IRDA) has proposed fixing of motor…
Third Party Insurance is Pre-Requisite to Motoring on Indian Roads
The Claimant is also entitled to seek additional compensation on fault basis and this compensation is available without any limits on the basis of the earning capacity and age of…
Insurers are not aggrieved Party in Motor Third Party Awards?
There remains a doubt in the minds of many including the insurers practicing the compulsory motor insurance for years whether it is open to the insurer to prefer an appeal…
LOSS MINIMISATION OF MOTOR CLAIMS
A relationship of trust and mutual respect for each other rights would definitely result in loss minimization of motor claims.