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The reinsurance Company General Insurance Corporation of India (GIC Re) has mandated the general insurance companies in India to hike the rates of fire insurance, being the lowest of the lot.

IRDAI has proposed to increase the third-party motor insurance premiums by around 17 to 20% in the new financial year 2019-20 for two-wheelers, cars and commercial vehicles.

Although Aadhaar is constitutionally valid, it is not mandatory for all services including for mobiles, bank accounts. Learn more about this news here.

Unique Identification Authority of India (UIDAI) may take action against banks and telecom companies insisting on Aadhaar as the sole identity and address proof.

3 public sector general insurance companies – National Insurance Company, United India Insurance Company and Oriental Insurance Company - are all set to merge, as per the announcement during the Interim Budget 2019-20.

As per General Insurance Council (GIC), 60% of vehicles on Indian roads are not insured and a significant majority of these vehicles are two wheelers – scooters and bikes.

Be prepared to be off roads for a minimum of 3 months as the Supreme Court directed committee comes down with an iron hand on traffic violations due to mobile phone usage while driving in Maharashtra.

To protect owner-driver against road accidents, the IRDAI has raised the mandatory minimum personal accident cover for motor vehicles from Rs 1 lakh to Rs 15 lakh for an annual premium of Rs 750.

Now pay more for car and bike insurance from September 1, 2018 as the Insurance Regulatory and Development Authority of India has made long-term third-party insurance policy mandatory.

Dahi Handi Utsav Samanvay Samiti has decided to insure the life of each Govinda with an Rs.10 lakh insurance cover. The offer gave by Oriental Insurance Company.

The Insurance Regulatory and Development Authority of India (IRDAI) intends to standardise the number of health conditions and medical procedures excluded from health insurance policies. This will result in the fact that, now, your insurance policy will cover more diseases in the future.

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.