CASE STUDIES ON MOTOR INSURANCE POLICIES
Preface: With new liberalization policies encouraging FII (Foreign Institutional Investment), Automobile giants all over the world started establishing their base Read more
MOTOR INSURANCE ARTICLE
Water damage
Recently there was an article in Times of India about damage to a car by flood water. One of the private insurer have stated of negligence of a car driver, who drove the car in a water where by engine got damage. Accordingly this insurer have consider this as a negligence and hence in their opinion claim can not be consider.
Read morePremium Rates for Motor Third Party Insurance Liability only cover – 2012-13
IRDA announces rise in the Motor Insurance Third Party Premium in financial year 2012-13…………. Read more
India Motor Third Party Insurance Pool (IMTPIP)
With effect from 1st January, 2007, tariffs were withdrawn from the non-life insurance market. However, keeping in mind the mandatory Read more
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. Read more
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 insurance premium (own damage) based on a combination of risk factors and the policy holder’s risk profile – Risk Factor Rating System. This proposal is part of a roadmap towards de-tariffing motor (own damage) insurance from 1 April 2005. Read more