The Insurance Regulatory and Development Authority of India has proposed sweeping changes to motor insurance distribution and commission structures, with a consultation paper released on Wednesday seeking public feedback until October 2026.…
Shriram General Insurance posted 23% premium growth in the June quarter, more than double the industry average of 11%, writing about Rs 1,180 crore in premiums versus Rs 960 crore a year…
Car owners can claim insurance for damage caused by potholes if their policy includes own damage cover, nationalheraldindia.com reports. The impact can harm tyres, wheels, suspension, bumpers or the underbody, even if…
Livemint.com reports that while third-party motor insurance is mandatory in India, it only covers damage caused to others. An Own Damage (OD) policy is required to cover damage to one's own vehicle…
The Motor Accident Claims Tribunal in Mohali has ordered an insurance company to pay Rs 14.8 lakh compensation to a 27-year-old labourer from Lalru who suffered 60% permanent disability after a car…
On August 4, the Supreme Court directed a technology-driven enforcement mechanism that could automatically refuse fuel to uninsured vehicles, calling it 'shocking' that 56% of India's 30.48 crore vehicles, 16.54 crore, lack…
The Supreme Court has extended mandatory third-party insurance for new vehicles: cars now require four years of cover and two-wheelers six years at purchase. The court noted a 'shocking' number of vehicles…
The Supreme Court has asked the Ministry of Road Transport and Highways and IRDAI to develop a pilot linking fuel sales to valid third-party motor insurance. Petrol pumps could deny fuel to…
