The ministry announced the proposed rates via a notification on the E-Gazette website on June 14, 2023. There has been no change proposed in the premium rates for third-party motor insurance for FY2023-24.
Category: Motor Insurance
These car insurance add-ons worth Rs 6,500 can save you from paying Rs 3.5 lakh for rain damages
Car insurance add-ons: Some of the must-have add-on covers during monsoon season are — engine protection cover, zero depreciation cover, 24×7 roadside assistance, return to invoice and consumable covers. Before you buy add-on covers, you must take a look at how much they cost and how much you will save during monsoon. Read on
These car insurance add-ons worth Rs 6,500 can save you from paying Rs 3.5 lakh for rain damages
Car insurance add-ons: Some of the must-have add-on covers during monsoon season are — engine protection cover, zero depreciation cover, 24×7 roadside assistance, return to invoice and consumable covers. Before you buy add-on covers, you must take a look at how much they cost and how much you will save during monsoon. Read on
Chennai floods: 4 car insurance add-on covers can help you save thousands due to rain damage. Who should buy?
Unless you have certain specific add-on covers, your insurer will not pay a penny to fix your car engine if damaged due to waterlogging. Add-ons are optional coverage that can be added to a comprehensive car insurance policy to enhance its coverage and provide additional protection. Here are the four add-ons that are a must…
Chennai floods: 4 car insurance add-on covers can help you save thousands due to rain damage. Who should buy?
Unless you have certain specific add-on covers, your insurer will not pay a penny to fix your car engine if damaged due to waterlogging. Add-ons are optional coverage that can be added to a comprehensive car insurance policy to enhance its coverage and provide additional protection. Here are the four add-ons that are a must…
You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. Who should opt…
You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. Who should opt…
Automatic v/s Manual: Here’s how gear operation affects car insurance premium
The manufacturer, model, and attributes of the car are some other criteria that affect the cost of auto insurance.
Automatic v/s Manual: Here’s how gear operation affects car insurance premium
The manufacturer, model, and attributes of the car are some other criteria that affect the cost of auto insurance.
Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium
In order to allow the policyholders a wider choice, IRDAI has proposed to permit all general Insurers to offer long-term motor insurance policies — a) 3-year in respect of private cars co-terminus with motor Third Party Liability cover, b)5-year in respect of two-wheelers co-terminus with motor Third Party Liability cover.