The premium for third-party motor insurance to be raised from June 16


The Insurance Regulatory and Development Authority of India (IRDAI) has notified the premium rates for private two-wheeler and car third-party liability insurance cover for the financial year 2019-20.

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ICICI Lombard plans sachet-size insurance products; to partner with digital players


Buoyed by the success of sachet products in the FMCG sector, the insurance industry is now looking to replicate it. Private player ICICI Lombard General Insurance is planning to roll out small-ticket insurance products and is working with e-commerce players

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The government may use acquisition route for general insurers


The government is exploring the option of acquisition among the three public sector general insurance companies as part of a consolidation exercise, and a final call will be taken by the new government, sources said.

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Insurance regulator proposes higher third-party premium for cars, two-wheelers


Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator IRDAI proposing a substantial increase in premium rates for the current financial year. The Insurance Regulatory and Development Authority of India

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MobiKwik and ICICI Lombard tie up to insure ‘home contents’


Fintech firm MobiKwik has launched an insurance product to secure the contents of your home and protect them against mishaps. Priced at a premium of Rs 25 per month for a sum assured of Rs 2 lakh, this is product protects your home content such as TV, refrigerator, furniture, etc. from fire accidents caused by short circuits and gas leakages.

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Slow auto sales hurt motor insurance business


With car and SUV sales seeing their sharpest fall in nearly eight years, it is all set to be a bad year for motor insurance too. GIC data shows that motor sales growth fell to 8.8% this March from 14.2% for the same period in the previous year.

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Advantages and disadvantages of buying a group health insurance policy


Being a member of a group or an association comes with its own benefits. A lesser-known plus is such memberships allow you to insure your health on favourable terms.

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What all will your Car Insurance not cover


It’s mandatory by law to own third-party insurance for your vehicles. The third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

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Five things to know before you buy a family travel insurance


Travelling abroad is expensive. A medical emergency or loss of baggage only add to costs. A family travel insurance policy thus covers these risks at a nominal price. It is mandatory to buy such a policy while visiting certain countries.

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Indian Cyber Insurance market grew 40% in 2018: DSCI


The cyber insurance market is gradually gaining traction in India as corporates have increasingly identified cyber-theft to be amongst the most prominent threat to their operations, a report from Data Security Council of India (DSCI) said.

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Airtel Payments Bank ties up with Bharti AXA for two wheeler insurance


Airtel Payments Bank recently announced it has teamed up with Bharti AXA General Insurance for a two-wheeler insurance product offering.

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