Expect premiums to go up or introduction of a co-pay option for third-party damage It’s a new, and a much tougher regime for violators of traffic rules. With the new Motor Vehicles Act increasing compensation substantially from all offences and accidents, car and bike owners need to arm themselves with substantially more insurance cover. Those without a valid insurance policy might have to shell out Rs 5,000 compared with Rs 500 earlier in case of an incident. “In the two-wheeler ... Rediff.com, 1 week ago
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity The Indian Railways (IR) has selected three insurance companies - Shriram General Insurance, ICICI Lombard General Insurance and Royal Sundaram General Insurance - for insuring its passengers. To begin next month, it would be among the cheapest in the world, at a premium of 92p a passenger for coverage up to Rs 10 lakh. The ...Rediff.com, 1 week ago
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list The Insurance Regulatory and Development Authority of India (Irdai) has proposed to ask some insurance companies to mandatorily list on exchanges based on the number of years they have been in business. In a discussion paper on listing of Indian insurance firms, Irdai said it would direct general insurers (including health and reinsurers) to take steps to get listed after they complete eight years of operations.Rediff.com, 2 weeks ago
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend on the bourses Benchmark share indices ended flat, amid a volatile trading session, after weakness in IT exporters post Brexit capped further upsides. The S&P BSE Sensex ended up 5 points at 26,403 and the Nifty50 edged up 6 points to settle at 8,095. However, the broader markets outperformed with the BSE Midcap and Smallcap indices ended up 0.8%-1.5% each. Market breadth ended positive ...Rediff.com, 2 months ago
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