by AIP Online Bureau | Jun 18, 2023 | Indian News, Non-Life, Policy
The Ministry of Road Transport and Highways (Morth) has come out with the new draft notification on the premium for mandatory third party motor cover on June 14 and has preferred to retain the same level premiums in most of the categories In FY 2022-23, the motor TP...
by AIP Online Bureau | Dec 28, 2022 | Data, Eco/Invest/Demography, Non-Life
“Road accidents decreased by 8.1 per cent and injuries decreased by 14.8 per cent in 2021 compared to 2019.Fatalities, however, on account of road accidents increased by 1.9 per cent in 2021 corresponding to the same period in 2019,” it said New Delhi: A total of...
by AIP Online Bureau | May 25, 2022 | Indian News, Non-Life, Reinsurance
The general insurers are eagerly waiting for the final notification of the Motor TP rates as they have not been allowed to raise the rates for the loss making portfolio during last two years by the insurance regulator IRDAI due to the Covid-19 Pandemic A discounted...
by AIP Online Bureau | Mar 13, 2022 | Indian News, Policy
Necessary checks to be done from “Vahan ” database before submission of application by vehicle owner have been specified. These checks include surrender of hire-purchase, lease or hypothecationagreement of the vehicle, no criminal record against the...
