The regulator has also directed all the general insurance companies to offer a minimum CSl. This minimum CSI is of Rs. 15 Lakh, which is under the compulsory personal accident (CPA) coverage. This is for the owner-driver under ‘Liability Only’, which includes all the classes of vehicles at the premium rate of Rs. 750 per annum for a yearly policy. Until any further notice, Insurance Regulatory and Development Authority (IRDA) of India has said that this rate will be valid.
22 Mar 2023When an unanticipated road accident occurs, filing a car insurance
20 Mar 2023A car's ownership is usually transferred if the car is sold to a
16 Mar 2023Due to their diverse benefits such as lower fuel economy and low
15 Mar 2023With an aim to phase out unfit and polluting vehicles, the
28 Feb 2023Though rare, car insurance cancellations are pretty much evident