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 Third Party -Need To View Differently

Preface

Since revision in MV Act in the year 1988, incorporating of certain amendments with regard to limit of liability, time limit for filing claim petition, selected defense made available to insurers, widening of jurisdiction clause etc. are all together leading to high Incurred claim ratio in this segment and thus putting pressure on insurer’s financial performance in this global environment, particularly when self sustainability of each segment becomes of paramount importance and also a talk of the day. Read more