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No Vehicle Insurance without PUC Certificate, says IRDAI

by Rashmi Ghosh on Wed, Jul 11 2018

No Pollution Under Control (PUC) Certificate? No Vehicle Insurance by IRDA. The Supreme Court has declared PUC Certificate as a mandatory document for Vehicle Insurance. IRDAI has notified all general insurance companies to not issue or renew Vehicle Insurance without a valid PUC Certificate.

Death Benefit in Third Party Motor Insurance Increased to Rs. 5 lakhs

by Jagrity Sharma on Thu, May 24 2018

New amendment introduced by the government in the Motor Vehicle Act, 1988 through the notification dated May 22, 2018, the amount of compensation payable has been increased to Rs. 5 lakhs, in case of death. This revision will be applicable for all claims made on and from May 22, 2018.

Players of a mega merger in insurance face their first hindrance

by Jagrity Sharma on Tue, May 22 2018

Do you know that three general insurance companies, National Insurance, United India and Oriental Insurance, have been proposed to be merged by Mr. Arun Jaitley in this Union Budget.

The New IRDAI Chairman and the Insurance Boost he Brings to the Table

by Aditi Shukla on Thu, May 03 2018

Mr. Subhash Chandra Khuntia, Indian Administrative Services (IAS) officer has been appointed as the Chairman of Insurance Regulatory and Development Authority of India (IRDA).

Beware! Talking On the Phone While Driving May Cost You Your Driving License in Rajasthan

by Jagrity Sharma on Wed, May 02 2018

The Rajasthan High court has stepped up to safeguard riders by proposing to cancel the driving license of those who are found talking on phone while driving or riding.

Maharashtra, Gujarat, Tamil Nadu and Kerala account for 59 percent of LIC Cancer Policy Sales

by Rohit Sapra on Wed, Apr 18 2018

LIC has found four states Maharashtra, Gujarat, Tamil Nadu and Kerala accounted for around 59 percent of all cancer care policies sold by the organisation.

Liberty Videocon (LVGI) becomes Liberty General Insurance (LGI)

by Rohit Sapra on Thu, Apr 05 2018

Debt-laden Videocon group has exited the General Insurance business, selling its stake to US-based Liberty Mutual Insurance Group to Enam Securities and DP Jindal Group.

Alto, Kwid, Redi-GO Get Maximum Benefit from Lowered Premium Rates by IRDAI

by Rohit Sapra on Wed, Apr 04 2018

Enjoy the benefit of reduced premium rates from IRDAI for the small car, as well as those who are looking for new cars like Alto, Kwid, Redi-Go and other small cars. read ahead to know more about reducing premium rates.

Health Insurance is blooming as an Effective Tax Saving Instrument

by Janhavi Shinde on Fri, Mar 16 2018

Health insurance is one of the best insurance policies that covers you in times of financial distress and also helps you save tax.

'BOSS' and 'PAPA' get ready to Pay-up

by Rohit Sapra on Wed, Mar 14 2018

Do you have a 'BOSS' or 'PAPA' in your registration plate? Then get ready to pay more as RTO has come up with a list of 25 numbers that will become 'paid' numbers.

Free Life Cover of Rs. 50,000 from Shriram Life

by Rohit Sapra on Mon, Feb 12 2018

Shriram Life Insurance has partnered with SureBuddy and will be offering free insurance cover of Rs 50,000 to the users of SureBuddy.

SBI Life’s Q3 Net Profit Rises 21% with Increasing Awareness of Life Insurance Benefits

by Rohit Sapra on Wed, Jan 31 2018

SBI Life Insurance Company’s net profit rose by 21 percent to Rs 230.28 crore for the third quarter ended December 2017 due to strong premium income.