Vehicle Insurance
Bad news for vehicle owners as third party premium to be hiked from Jun
From June 1, 2022 onwards, the motor third party liability insurance premium has been jacked up by the central government despite the portfolio being hugely profitable for the insurers
 "Bad news for vehicle owners as third party premium to be hiked from Jun")
Govt notifies new vehicle insurance rates, will be applicable from June 1
A discount of about 15% and 7.5% on the premium has been allowed for electric and hybrid electric vehicles, respectively
 "Govt notifies new vehicle insurance rates, will be applicable from June 1")
Get car engine insurance to keep you afloat during rains, say experts
Roadside assistance and outstation emergency add-ons are useful
 "Get car engine insurance to keep you afloat during rains, say experts")
Enforced bumper-to-bumper cover won't work logistically or economically: HC
Withdraws its previous order, entrusts lawmakers to examine need for amendment in law on wide coverage of vehicles so as to protect victims
Walmart-backed payments firm PhonePe launches vehicle insurance service
Firm says users don't need to upload documents before making a purchase and they can view their policy documents instantly
 "Walmart-backed payments firm PhonePe launches vehicle insurance service")
Air India Express plane, which overshot runway, was insured for $50 mn
Air India's fleet is insured for around $10 billion and the airline has a liability cover of $750 million
 "Air India Express plane, which overshot runway, was insured for $50 mn")
Dealing with Covid-19: Keep your vehicle in good shape during lockdown
Fill fresh engine oil and coolant before you store it away
Bundled or standalone: Which vehicle insurance policy should you buy?
If you are buying a car or two-wheeler now, you will need to buy long-term insurance compulsorily, as per a recent Supreme Court order
 "Bundled or standalone: Which vehicle insurance policy should you buy?")
Motor vehicle insurance firms seek more time to comply with SC orders
In May, the court asked the general insurance companies not to sell TP insurance cover to vehicles without a pollution under control (PUC) certificate
 "Motor vehicle insurance firms seek more time to comply with SC orders")
SC order to bring down gap between vehicle ownership and insurance
The problem at the moment is that insurers have to rethink the structure of their products
 "SC order to bring down gap between vehicle ownership and insurance")
Challenges That Indian Commuters Face Daily and How They Can Battle Them
A majority of public still spends around 90 minutes every day to travel
 "Challenges That Indian Commuters Face Daily and How They Can Battle Them")
Millennials! Here Are 5 Basic Guidelines to Maintain Your Car
They thrive on experiences, they live in the moment, they can multitask, and they are online 24x7.
 "Millennials! Here Are 5 Basic Guidelines to Maintain Your Car")
