Motor insurance to see new disclosure norms in FY14
If you are an individual caught by traffic police time and again for violating rules and have a record of paying fines, a motor insurance policy might be denied to…
Concept of Hit and Run Accident in Motor Insurance
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…
Rights of third parties against insurers in Motor Insurance on insolvency of the insured
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…
Health, motor insurance to be key growth drivers: Bajaj Allianz
Health and motor insurance will remain the key growth drivers for Bajaj Allianz General Insurance in near future on the back of larger opportunities in these space, a top company…
Insurance firm asked to pay Rs 1 lakh to client
A district consumer forum has asked the National Insurance Company to pay Rs 1 lakh for repudiating the insurance claim of one of its clients. The complainant, Ratan Sethi, had purchased…
Motor Insurance: Provisions under Motor Vehicles Act regarding Transfer of Certificate of Insurance in India
The 1988 Act requires issue of a Certificate of Insurance by the insurers as proof of Third party insurance to satisfy the requirements of Chapter XI of the Act.
Get roadside assistance cover with your motor insurance to avoid hassle if your car breaks down- BerkshireInsurance
It is common to see motorists stranded on the roadside, owing to a flat tire, dry fuel tank or even a mechanical breakdown. All of us have heard of situations…
Developments/ New trends in field of motor insurance in India
The practice of motor insurance is influenced, to a large extent, by the Motor Vehicle Act, 1939. This Act makes provision for various matters relating to the use, maintenance and…
Mishap victim’s widow gets Rs 7L compensation
A road mishap victim's widow has been awarded nearly Rs seven lakh as compensation by a Motor Accident Claims Tribunal (MACT) here.
HDFC ERGO General Insurance pays 16L compensation to road mishap victim
The family of a 29-year-old man, who died after a rashly- driven truck hit the car he was driving, has been awarded Rs 16.68 lakh as compensation by a motor…