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Violating Traffic Rules? You might end up Paying a Higher Motor Insurance premium
The Insurance Regulatory and Development Authority of India (IRDAI) continuously makes changes in insurance plans to make them relevant to the changing dynamics of the market. Recently, with respect to motor insurance plans, IRDAI appointed a working committee to draft a proposal which would link your driving history to your motor insurance premium. Let’s have…
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Complete Information on How to Transfer Vehicle Ownership
Are you looking to sell off your car and buy a new one? You are aware of whom to contact for selling but not sure about how the Transfer of ownership will take place? Is it something which is very difficult? Well, certainly not, the process of Transfer of ownership is simple and easy and…
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Chassis Number: Check & Find Chassis Number, VIN & Engine Number in 2021
If you have a vehicle, you would have probably heard about “chassis”, “vehicle identification number “etc. However, are you aware of what exactly they are or where you can find them on your vehicle? Read on to know more about it. What is a VIN or a Chassis Number? A Vehicle Identification Number or a…
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Return to Invoice(RTI) Cover in Car Insurance Plans
A car insurance policy is a must if you wish to drive your car in India. The Motor Vehicles Act, 1988 mandates a third party policy on every car which is running on Indian roads. Though the third party policy fulfils the legal requirement, it has a limited scope of coverage. It does not cover…
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Now PUC Certificate is a must for Motor Insurance renewals
Pollution has been a grave concern all over the world and especially in the National Capital Region (NCR), the problem is quite intense. The levels of air pollution in the NCR have been so high that the Government introduced the odd-even system for vehicles on the roads. Even the Supreme Court of India had issued…
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Now you don’t have to pay a huge premium for long term comprehensive motor insurance plans
Rohan bought a new car last month but he was concerned about the high premium which was being asked for a long term comprehensive car insurance policy. The premium was straining his budget and he did not know what to do. This is when he found that long term comprehensive policies have been discontinued by…
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Is your Motor Insurance about to expire? Here’s how you can get discounts on renewal
Did you know that motor insurance plans are compulsory in India? Well, they are! If you want to drive your vehicle in India you need a motor insurance policy on it, thanks to the provisions of the Motor Vehicles Act, 1988. The motor insurance plan comes with specific coverage duration and after the duration comes…
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Everything you need to know about ‘Pay as you drive’ motor insurance
A motor insurance policy is a must to fulfil the legal requirement of driving a vehicle in India. The Motor Vehicles Act, 1988 states that every vehicle in India should have a valid third party liability cover on it before it runs on roads. A motor insurance policy, that is why, becomes necessary. While a…
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All you need to know about driver-based Motor Insurance
The insurance segment is undergoing a revolution as new and innovative insurance products are being offered by insurance companies. The Insurance Regulatory and Development Authority of India (IRDAI) has also established a project called Sandbox which allows insurance companies to test innovative products in the market before offering such products as full-fledged insurance plans. This…
