THIRD PARTY MOTOR INSURANCE
Third party motor insurance cover costs set to soar
Come April and your third party (TP) motor insurance will pinch your pocket more. The Insurance Regulatory and Development Authority (IRDA) has proposed a 38.87% weighted jump in TP motor insurance for private cars across all sub classes in the exposure draft for revision of premium. Read more
Third party motor insurance premium may rise further
Lakhs of vehicle owners across the country may have to pay more for buying the mandatory insurance cover — third party motor cover — for their vehicles. Read more
FinMin issues guidelines on settling 3rd-party claims
Days after general insurers aired their concerns over losses from third party motor insurance, the finance ministry has issued guidelines for settling such cases that would help reduce their liability and also check fraudulent claims. Read more