Third party claims are adjudicated by the constituted tribunals.
In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.
The Finance Ministry is considering to make it mandatory for all private general insurance companies to provide third party motor insurance, which is presently optional for them.
Most owners assume car insurance covers everything, but hidden exclusions can lead to claim rejections and unexpected financial shocks.
Understand your travel insurance policy before travelling abroad this summer. This article outlines what travel insurance covers, including trip cancellations, missed connections, and medical emergencies, and what it excludes, such as war-related disruptions and pre-existing conditions.
'Many policyholders do not understand that non-medical expenses, cosmetic treatments, and certain other procedures are not covered by health insurance policies.'
Indian insurance companies are bracing for reduced profitability in Q4FY26, primarily due to the rationalisation of GST on retail life and health policies, leading to a loss of input tax credit, coupled with volatility in equity markets impacting investment income.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded a compensation of 31.65 lakh to the family of a vegetable vendor who died in a road accident in 2017.
Wedding insurance goes far beyond protecting against cancellations.
In West Bengal's electoral chessboard, governments are rarely made in the hills of North Bengal or the forested region of Jangalmahal. Power is usually decided in the crowded plains of South Bengal, where elections are won less by momentum and more by mathematics.
'The slowdown in motor insurance premium growth is due to slower growth in vehicle sales. Also, there has been minimal hike in third-party rates in the past three years which is affecting the growth rate of third-party premiums.'
The US blockade on Iranian ports is aimed to curb Iranian energy exports, thereby crippling its economy to force Iran back to the negotiating table, points out Commodore Venugopal Menon (retd).
The complainant in a Rs 71.6 lakh cheating case involving CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal has withdrawn his grievance after recovering his invested amount. The arrests were made following an FIR registered on March 16 at Mumbra police station against Gupta, Khandelwal and four others on charges of cheating, criminal breach of trust and fraud.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with an alleged fraud of Rs 71.6 lakh. The company claims the FIR is false and a conspiracy against them.
The premiums for third-party motor insurance may rise by 50-80 per cent this year.
A court in Thane district granted bail to CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal, who were arrested in connection with an alleged cheating case involving Rs 71.60 lakh. The court cited a lack of prima facie evidence against them.
Covering your own damage, especially if the vehicle is old, is very important
A court in Thane district granted bail to CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in an alleged Rs 71.60 lakh cheating case, citing a lack of prima facie evidence against them. The case involves allegations of impersonation and misuse of the CoinDCX brand by fraudsters.
The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability.
The third party premium has been increased from the current Rs 700 to Rs 2,500, a 257 per cent hike for private cars, where the cubic capacity of the vehicle exceeds 1,500 cc.
'We hope we will be able to at least end crashes that involve collisions with stationary vehicles as there will be an automatic warning.'
'The retail industry is still growing in double digits.'
'The impact will be minimal and it will only increase compliance cost on consent, data flows, localisation timelines, internal audits, data mapping, and new tooling.'
The only case where there could be a change in insurance payout is if Air India's management were found to be aware of the accident and the accident was deliberate.
In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.
'We've not seen a crypto exchange come back after about 45 per cent of the value on the platform was impacted.'
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
Diversified conglomerate ITC Ltd on Thursday reported a 2.6 per cent year-on-year rise in consolidated net profit to Rs 5,187 crore for the second quarter of the 2025-26 fiscal (FY'26) as compared to Rs 5,054 crore in the same period last year. However, the current quarter's figures exclude the hotels business, which was demerged into ITC Hotels Ltd effective from January 2025 and is no longer part of the company's continuing operations.
The initial public offering of non-banking financial company Tata Capital Ltd got fully subscribed on the final day of bidding on Wednesday. The company's Rs 15,512 crore share sale received bids for 45,84,78,044 shares against 33,34,36,996 shares on offer, translating into 1.38 times subscription, according to NSE data till 13:36 hours.
Do not get repair work started without informing the insurer as the latter like to carry out end-to-end verification of damages and documents before approving a claim.
It is essential to have a comprehensive motor policy, and not just a third-party cover, as the latter does not protect your own vehicle.
The nationality of the passengers onboard will define the minimum liability applicable to the airline operator as per the Montreal Convention, Prudent Insurance Brokers vice president (aviation & specialty lines) Hitesh Girotra said.
Payments can be made till April 21; for motor the relaxation is only for third-party insurance.
Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around $11 billion, they added. Tata Capital is likely to make its stock market debut by September 30.
Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Follow these steps to avoid last-minute surprises while claiming your mediclaim -- via cashless or reimbursement method, says P V Subramanyam
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
Here's all you want to know about insuring your priced possession!
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances