Insurance lessons are learnt and lost quickly. Many view insurance as a payment that offers no benefit. No one seemed to have comprehensive insurance for their cars, homes and durables. Many admitted
Category: Motor Insurance
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comp
How to select the right motor insurance cover: 8 points to consider
Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against o
Motor insurance rule change: No arbitrary claim rejection, quicker claim settlement, pay as you drive option must, says IRDAI
Motor Insurance New Rules by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has updated the master circular clarifying important rules for motor insurance policyholders. Th
What Is zero depreciation in car insurance?
Car owners are advised to drive responsibly to save on insurance premiums and claim settlements. The concept of zero depreciation insurance ensures full invoice value payment during claims. This add-o
Types of car insurance plans you should know about
India mandates third-party insurance (Motor Vehicles Act 1988). IRDAI sets premiums. Types: third-party liability, Own Damage, and Comprehensive insurance with extensive coverage including INR 15 lakh
Insured Declared Value in motor insurance cover: How is it calculated, is lower IDV better?
If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the seventh part of this series, ET Wealth explains the mean
How to get a duplicate copy of your car insurance documents
The article emphasized the necessity and details of vehicle insurance, urging car owners to keep their policy documents secure. It covered the government’s requirement for third-party liability insura
The impact of car insurance on your car resale value
Car insurance significantly impacts the resale value of used cars. Factors such as Insured Declared Value (IDV), depreciation, claims history, and the type of insurance policy play crucial roles. Comp
Why it is important to have third-party car insurance
Driving responsibly is crucial for safety, and third-party car insurance is mandatory in many countries, including India. Lacking this insurance can lead to legal penalties, financial liabilities, and
