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SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
National Insurance aims for Rs 100-200 cr profit in FY25

National Insurance aims for Rs 100-200 cr profit in FY25

by AIP Online Bureau | Aug 18, 2024 | Health, Indian News, Non-Life, Reinsurance

T Babu Paul, executive director,National Insurance Company “Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs...
National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24

National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24

by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life

“Yes, we have improved on all key parameters of our operations to earn some profit in the first half the year. Going forward, our efforts will be to sustain profitability. Our primary focus will be profitability and not just the topline  growth. We now know the...

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