IRDAI asks Reliance Health Insurance to stop selling new policies

The Insurance Regulatory and Development Authority of India (IRDAI) has sought to reassure policyholders of RHICL that all their interests have been...


Motor Insurance Premiums may be linked with Traffic Violations

The Insurance Regulatory and Development Authority of India (IRDAI) has, on the request of the government, set up a working group to examine and...


Higher compensation proposed for hit and run victims

One may have to make a one-time payment of up to Rs500 while buying a new vehicle as the government would need around Rs800 crore annually to pay...


Cars may soon become theftproof as technology has improved

It would soon become almost impossible for car thieves to dispose off a stolen car even after dismantling


IRDAI proposes to stop fixing third party insurance premium in two years’ time

The Insurance Regulatory and Development Authority (IRDA) has indicated that it would disband the practice of annual fixing of premium for third...


Insurance companies cannot be held liable to pay compensation to those who travel in goods carriers, says Madras High Court

The bench gave the ruling while passing orders on a batch of appeals from Bharati AXA General Insurance Company Limited in Bengaluru


SC rules that third party insurance is mandatory for four-wheelers and two-wheelers

The Supreme Court said third party insurance of four-wheelers and two-wheelers be made mandatory so that victims of road accidents could get...


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