CAR INSURANCE RENEWAL
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. The regulator has proposed the implementation of strict timelines for claim settlements of auto insurance policyholders. It is a crucial step towards improving efficiency and customer satisfaction. Another key change is the introduction of a customer information sheet (CIS) for auto insurance policies to enhance customer awareness.
Mygate enters insurance distribution business, partners with Acko
Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
Bearing the brunt today, but good for long term: 6 stocks from the financial services sector with upside potential of up to 30%
For all those who were again thinking why the financial services sector stocks are leading the recent phase of decline. A look into FPI holding patterns would throw the answer. It is the financial services, including banks where FPIs have the maximum exposure, so if they are booking profit, the first round of selling is bound to come in the sector where they have maximum holding.But there is another part to the story, which is when they come back, it is the very same sectors where they buy the first, because financial services and banks are the best proxy play to GDP growth. Also the fact that the majority of these stocks have ample liquidity plays an important part in the kinds of strong moves these stocks see.
Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car
How to scrap an old car: Several states in India are offering discounts of up to 25% on personal vehicle prices or road taxes for customers who scrap their old vehicles and buy a new one. The government's Voluntary Vehicle Fleet Modernization Program aims to get rid of old and unfit vehicles that cause pollution and harm the environment. Different age criteria apply to commercial and private vehicles, and it is mandatory for states to promote the scrapping of old vehicles.
Why you should renew your car insurance policy on time?
Renew car insurance promptly to comply with the law, avoid financial burdens, and maintain benefits like no-claim bonuses. Online services simplify the process, ensuring continuous coverage and hassle-free renewals.
A large opportunity but only for long term investors: 6 insurance stocks with potential upside of up to 17%
While it should be done for every sector, for some sectors it is extremely important to make a distinction between the narrative which is making rounds on the street and what is happening in the real business. The reason, it is a narrative which is going on the street which makes expectations high and when they are not met then investors end up making the wrong decision both at the time of buying and selling. First, a large market size does not mean that players will see all the growth in the short term, it might be a long term play when it comes to overall growth of the markets. So, while insurance is a big opportunity, it will pan out over a period of time. Second, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. But they are very different in every aspect and the stock price movement will also follow a different trajectory. So does the current phase of consolidation and underperformance of the stocks is an opportunity for investors looking for a real long term investment opportunity?
Our business from policies above Rs 5 lakh is down by 10%: Kamlesh Rao, Aditya Birla Sun Life Insurance
"The business from policies with premiums higher than Rs 5 lakh is down by an absolute 10%. The number of policies has grown by 20% and we have lost the contribution from plans above Rs 5 lakh by 10%. So, our business for the first nine months was 10%," said Kamlesh Rao, MD & CEO, Aditya Birla Sun Life 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 comprehensive protection and peace of mind.
Nitrogen vs. Air: Decoding the best choice for your tyres
Since tyres play a pivotal role in ensuring a smooth and safe driving experience, the decision to opt for nitrogen or stick with air involves important considerations. Read to know which you should select for your tyres
Unlock the road to secure celebrations: A comprehensive guide to motor insurance this festive season
As the festive season approaches, whether you're welcoming a new vehicle into your life or your motor insurance renewal is due, don't delay this prudent decision.
How to transfer no claim bonus of motor insurance policy to a new vehicle
When a policyholder purchases an insurance policy, he receives an NCB certificate, and it is now up to him whether or not he files any claims within the policy year.
Why James Bond stunt car hopes to see more action on Indian roads
Aston Martin plans to expand its presence in India's luxury car market, targeting the growing number of rich individuals who are willing to spend on high-end brands. The company currently sells around 10-15 units in India each year and aims to introduce new models, including an electric vehicle, to attract more customers. India's luxury car market has been experiencing strong growth, with sales of ultra-luxury cars increasing by 50% in 2022. However, high taxes on super luxury cars remain a challenge, limiting sales in the country.
Cred launches vehicle management platform Garage, makes first move into motor insurance distribution
Fintech startup Cred has launched a new platform called Garage, which aims to help users with vehicle management tasks such as renewing car insurance and recharging FASTags. Garage will offer users a single dashboard for roadside assistance, managing documentation, and providing insights on vehicle spends.
Navigating on-the-road peace: The comprehensive car insurance solution by Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Comprehensive Car Insurance stands out for its high claims settlement ratio and hassle-free renewals.
What add-ons should a car insurance policy have to prevent damages from floods? Amjad Khan answers
We have seen how the rains have impacted every year for the last 10 years. You have seen the impact of this year 2023 happens to be north of India where we have seen flooding all across the entire northern region of our country and we have seen the amount of chaos it has created.
New car insurance plan: File single claim for multiple chips, scratches, minor losses anytime; should you buy?
Add-on covers are usually additional benefits that you can add to your comprehensive car insurance policy by paying an extra amount. To protect different parts of your car, there are specific add-on covers. If you don't understand what part of your car is protected by which add-on cover and jumbled them up while filing an auto insurance claim, your insurance company may refuse to bear the cost. To solve this, Bajaj Allianz General Insurance has come up with a new motor insurance plan that offers a plethora of add-on covers together. Let's understand how it works
Paytm, HUL, Airtel, 6 others in momentum, cross 20-day SMA
Bharti Airtel surged above the 20 SMA on July 21, 2023, with its stock price at Rs. 884.85, above the 20 SMA of Rs. 873.22. Bharti Airtel is a leading telecommunications company, providing mobile, broadband, and digital services to millions of customers in India and beyond.
TPG exits Landmark Cars; sells 11.25% stake for Rs 293 cr
US-based private equity major TPG Capital on Friday sold its entire 11.25 per cent stake in automobile dealership chain Landmark Cars for Rs 293 crore through an open market transaction. With this transaction, TPG has exited the automobile dealership company.
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 for 'Pay As You Drive' insurance? ET Wealth Online explains
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