Get ready to shell out more premium for vehicle insurance. The Insurance Regulatory and Development Authority (IRDA) has proposed these hikes in an exposure draft on review of motor insurance premium rates for third party liability cover. The annual premium is set to go up as the … [Read more...] about Third party motor insurance premium rates set to rise
Car Insurance
Motor Insurance – Add-on Covers
When we go for car insurance claim, we never get full claim amount. The insurance company say that it will pay as per the current market value of the damaged part or deduct depreciation from the claim amount. Always there are concern by insured that when at the time of proposing … [Read more...] about Motor Insurance – Add-on Covers
Car Insurance terms… you should know before buying insurance policy
Audio Cover Includes stereos and any other permanent audio/visual equipment installed in your car. Act of God An unpreventable and unpredictable event that causes loss or damage. Insurance policies often exclude acts of God or acts of war, although they will usually cover … [Read more...] about Car Insurance terms… you should know before buying insurance policy
Top Tips for Saving Money on Car Insurance
1. No Claims Last year - Get No Claim Bonus (NCB) and you can save up to 50% of Own Damage Premium. What is No Claim Bonus? If you do not have any insurance claim/s, you get No Claim Bonus (NCB) at the rates mentioned below (based on no of years of no claim) - the premium is … [Read more...] about Top Tips for Saving Money on Car Insurance