motor insurance

      Insurance regulator IRDAI set up a seven-member committee to suggest ways to bring transparency in payouts made to the auto dealers by the insurers for getting motor…

The floods in Jammu and Kashmir and cyclone Hudhud in Andhra Pradesh and Odisha claimed lives and wrought destruction. The sheer magnitude of such catastrophes brings home the importance of…

  ICICI Lombard has introduced a "Photo Quote" feature on its mobile app "IL Insure". The feature is aimed at enhancing customers' purchase experience.   Sanjeev S, Head (Marketing and…

The gross direct premium earned by general insurance companies from the motor vehicle industry in the own damage category is likely to reach Rs 38,200 crore mark by the end…

An application for compensation  arising out of an accident U/S 166 of Motor Vehicles Act, 1988 may be made:-

There are different practices of dealing with motor third party liability across the world.  Some practices are defined here as follow:

Sec 140 of Motor Vehicles Act, 1988 deals with the liability without fault.  The claimant involved in a motor vehicle accident is not required to prove wrongful act, neglect, or…

Hit and Run Accident is a motor accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable…

Sec 150 of Motor Vehicle Act, 1988 provides for the rights of Third parties in the event of the insolvency of the insured or in the event of winding up…

Brace for a hike in vehicle insurance premiums. Motor insurers have sought a 5-10% hike in third-party premiums for two-wheelers and personal cars, and a whopping 40-50% for commercial vehicles,…