COMPREHENSIVE CAR INSURANCE
InsurTech firm ACKO drives into car repair and service space
ACKO, the Bengaluru-based insurtech firm, is expanding into car servicing and repair with its ACKO Drive Service Centres, targeting cars out of warranty. Initially launched in Bengaluru, plans include centres in Delhi, Mumbai, Pune, Hyderabad, Ahmedabad, and Chennai. Aiming to reach 100 centres in three years, ACKO seeks to capitalize on the growing $25 billion car service market.
Headwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 %
One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full or half empty. This phenomenon is particularly evident in the case of financial service stocks. Recently, these stocks have often been portrayed as underperformers. However, this overlooks the fact that over the long term, they have provided substantial returns and generated significant wealth. The short-term underperformance of these stocks can be attributed to their heavy ownership by Foreign Portfolio Investors (FPI). As FPIs have been net sellers in Indian equities, financial service stocks have faced selling pressure. Nevertheless, the relative decline in stock prices is considerably less severe than in previous instances of similar selling activity. Given the robust fundamentals of these stocks compared to a few years ago, it is prudent to view them from a long-term investment perspective.
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-on is beneficial for new, luxury, or frequently-driven cars, and those in high-risk areas.
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.
Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
Why thieves in the US are robbing catalytic converters from cars
The US is witnessing an increasing menace of catalytic converter thefts from vehicles. This has once again hogged the spotlight after the murder of actor Johnny Wactor in Los Angeles.
These car modification could void your insurance
Indian car owners are increasingly modifying their vehicles, but it's crucial to inform insurers about any changes to avoid potential issues with insurance coverage in India.
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.
Safeguarding Your Smart Car: How to secure your connected car from cybersecurity threats
In today's tech-driven era, smart cars are revolutionizing transportation with advanced features aimed at enhancing safety and connectivity. However, this integration of digital systems brings forth cybersecurity concerns, threatening vehicle and occupant safety. Essential strategies include software updates, strong passwords, secure Wi-Fi, and cautious usage of third-party devices.
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.
EVs can’t fix a global epidemic of ‘car harm,’ study finds
A global all-EV fleet perpetuates car harm, including deaths, injuries, pollution, and inequality. Car ownership is higher in richer countries. EVs reduce greenhouse gas emissions but fail to address other harms like car storage, oil exploration, and metals mining.
A mini industry spawns under the hood of a booming car market
India's car market is booming, with passenger vehicle sales and the used car market both experiencing significant growth. The used car market is expected to reach $100 billion by 2034, driven by demand in metropolitan cities and the digitization of the business.
Jet-setting Taylor Swift downsizes private jet collection amidst legal threats and environment concerns
Taylor Swift sells private jet amidst legal threats, drawing attention to environmental concerns. Critics highlight the disproportionate carbon footprint of private jets, contrasting with road travel for short distances. Swift's case reflects broader issues of wealth-driven emissions contributing to climate change, emphasizing the need for systemic changes to promote environmental justice and sustainability.
Chennai Floods: Lessons from a natural calamity
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 to buying insurance after the 2015 floods and discontinuing the premium later as wasteful.
Chennai flood sweeps away cars: Here's how to insure your vehicle against flood damage
Flood-related damages can encompass engine, gearbox, electric and electronic, and upholstery damage. Repairing or replacing a water-damaged engine alone can cost between Rs 75,000 to Rs 15 lakh.
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.
Wales' 20mph speed limit: Computer error wrongly flags teen driver for speeding, leading to insurance suspension
A 17-year-old driver in Wales found himself in an insurance nightmare when a computer error misinterpreted speed limits, causing his car insurance to be suspended. The erroneous speed limit readings stemmed from a recent change in default speed limits, shifting from 30mph to 20mph in certain areas of Wales.
Save up to 25% on this car insurance premium if you are a good driver; here's how to get it
Do you think you are a good driver? Zuno General Insurance has introduced Zuno Driving Quotient, a unique way to score how you drive. The better you drive, the better your score will be, and the lower you will have to pay for your car insurance. Know how Zuno Driving Quotient will work and how you can get it and lower your next motor insurance premium.
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.
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