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.
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…
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…
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…
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…
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…
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…
A relationship of trust and mutual respect for each other rights would definitely result in loss minimization of motor claims.
Global Perspective of General Insurance Fraud: General insurance fraud is undergoing a sea change in its character. It is no more confined to the domain of white-collar crime, but
1. Many news are making headlines regarding motor third party claim like "Insurance companies are bleeding as far as motor T.P. claims are concerned, companies are paying interest in lakhs…