Motor Insurance

IDV decides your car’s maximum insurance payout — here’s why lowering it to save premium isn’t always smart.

E20 fuel troubles may trigger insurance disputes as car maintenance costs double

Policy terms may need to revised to define ethanol-related exclusions clearly to prevent insurers from facing rising claim disputes over what’s covered and what’s not, industry insiders say

Micro-covers turning 'push' insurance into 'pull' products, says Universal Sompo CEO

Regulators are also examining structural reforms such as monoline alongside composite licenses, which could reshape the way insurers operate in India, Mathur says

Motor stumbles, health surges as general insurers prioritise margin over growth in Q1

Motor insurance saw a pull back, fire made a comeback and health continued to grow in the June quarter as ICICI Lombard, SBI General, Shriram General and Niva Bupa adapted to pricing and policy shifts

ICICI Lombard scaled down motor, fire insurance coverage over pricing pressure: CFO Gopal Balachandran

ICICI Lombard CFO Balachandran told Moneycontrol growing those segments may not make financial sense, citing stagnant third-party premium rates over the past 4-5 years.

Not in a hurry to burn our fingers, says CEO Aggarwal after Shriram General gives crop tender bids a miss

Anil Kumar Aggarwal says the insurer is targeting a full-year premium of Rs 4,600 crore and could reach Rs 5,000 crore if demand picks up during the upcoming festival season

Transfer your car’s no-claim bonus and cut your insurance premium by half

When you sell your old car and buy a new one, your NCB doesn’t vanish. It's a recognition of your safe driving history, and follows you, not the vehicle.

Will 20% ethanol blending with petrol impact your car insurance premium?

For now, E20 fuel does not seem to impact motor insurance premiums

ICICI Lombard Q1 FY26: Growth slows across segments; retail health stands out

Given that ICICI Lombard’s market share in the retail health business is a mere 3.5 percent compared to over 30 percent for Star Health and over 9 percent for HDFC ERGO, there is a long runway for growth.

Govt reviews 18% hike in motor TP premiums amid widening losses and years of tariff freeze

This development comes at a time when insurers have been reporting escalating loss ratios

HDFC ERGO to maintain lean bancassurance exposure, targets above-industry growth in FY26: CEO Anuj Tyagi

Tyagi says, the company will instead bet on its agency network, direct-to-customer rural outreach, and commercial lines

EV battery insurance: What you need to know before you purchase

As electric vehicles gain momentum, insuring the most expensive part—your battery—means getting ahead.

Health insurance dominates non-life with 40% share despite slow growth, while motor at 29.3% despite being mandatory

A critical issue for motor insurance is the high percentage of uninsured vehicles because of non-compliance with mandatory insurance laws," says Galaxy Health Insurance CEO

ICICI Lombard Q3 FY25: Growth moderates, profitability improves

Over the past few years, the insurer has strengthened its market position by accelerating both organic and inorganic growth. However, in the retail health business the company has a lot of catching-up to do

Insurers urge IRDAI to act against automotive dealers’ ‘steep commissions, restrictive practices’

Punitive action by IRDAI can force motor insurance service providers linked to some auto manufacturers to reduce exorbitant commissions of up to 53 per cent, which translate into expensive premiums for policyholders. Regulatory action can also curb their practice of restricting new car buyers’ choice of insurers at the time of vehicle purchase, according to insurance officials.

Insurance: It's not just about covering your bases

From protecting your family's finances to safeguarding your belongings, insurance can be your best friend in times of need. Let’s break down the basics and help you choose the perfect policy, and even shed some light on those hidden clauses that can sometimes feel like a trap

Govt asks public insurers to move out of motor, health insurance to reduce losses: DFS Secy

The performance of these public sector insurers will be reviewed in FY25 to plan any further capital infusion, he said.

IRDAI makes journey with general insurance smoother with easier claim settlement, wider choices

General insurance companies will not be able reject claims merely due to insufficient documentation. IRDAI has directed insurers to only call for those documents that are directly related to claim.

Should investors bet on the pricey Go Digit IPO?

Scaling up the business along with maintaining low claims and improving return ratios will be a tall task

How location, driving environment, usage frequency can affect your car insurance premiums

Though the government encourages electric vehicles with various incentives, insurance premiums for some electric cars could be relatively higher due to the expensive technology used in these vehicles.

ICICI Lombard FY24: Strong growth with improved profitability

One of the key performance catalysts will be the growth in the health business

Delhi’s dubious distinction: No. 1 city for car thefts in 2023, says ACKO Insurance study

Chennai's share in overall vehicle thefts doubled from 5 percent to 10.5 percent, while Bengaluru was at 10.2 percent. Hyderabad, Mumbai and Kolkata continued to see the least number of thefts.

Motor insurance add-ons that add the most value to your coverage

Opting for add-on features in your motor insurance policy is a strategic decision that significantly enhances the value of your coverage.

Converting your vehicle to CNG or electric? Don’t forget to inform the insurer, lest claims be denied

Insurance companies will insure your vehicle only if a government-approved conversion kit is used.

ICICI Lombard Q2 FY24: Earnings driven by strong premium growth

The shift in the insurer’s product mix in favour of health insurance augurs well for future profitability