Sentences with phrase «party motor insurance»

However, it is still better to pay for third party motor insurance for your car for the protection and coverage offered.

The third party motor insurance premiums are expected to increase across all the segments be it two - wheeler or four - wheeler with commercial vehicles bearing the maximum impact.

Now the two - wheeler owners can also opt for the third party motor insurance for a term of 3 years.

Long term third party motor insurance policies for commercial vehicles are still some time away.

A third - party motor insurance provides insurance coverage for bodily injuries, death or property damages caused by one's automobile to the other.

Here are a few things you should know about third - party motor insurance before buying it.

Third - party motor insurance continues to make underwriting losses.

Vehicle owners will have to get ready for another hike in third - party motor insurance premium in the coming fiscal.

The dealer gave us complimentary third - party motor insurance for the first year.

Interestingly, at the same meeting the industry will also discuss the issue of raising the premium on motor insurance because of the recent hike in provisioning on third party motor insurance from 110 per cent to 210 per cent by the regulator.

The increase will be in addition to the enhanced third party motor insurance rates, which too will come into affect from April.

In any case, penetration of third party motor insurance in three wheelers in much better than that in two wheelers segment.

Irda has asked companies to provision 210 % for a high risk category of third party motor insurance risks.

Deutsche Bank analyst Ross Curran said the increased number of claims was driven by more claims from its marine and fire risk division in Asia as well as higher - than - budgeted crop losses in Ecuador and ongoing «issues» in its Colombian third party motor insurance book.

Given that rules on product liability would also apply where liability involving a CAV is involved, the question is, whether the third party motor insurance insurer can claim recourse for damages paid out.

Public sector general insurance companies are pressing hard for a quicker disposal of third party motor insurance claims, which could spell an outgo of around Rs 10,000 crore as more than 11 lakh

Regarding the third party motor insurance segment, the company (New India Assurance) is keen on recovering their losses due to it.

The Insurance Regulatory and Development Authority (Irda), on Friday, finally announced a 60 - 70 per cent hike in premium of loss - making third party motor insurance portfolio with effect from April 25.

As a joint effort with Cyberabad Police, the Insurance Regulatory and Development Authority of India (IRDA) has inaugurated third - party motor insurance awareness campaign in Hyderabad.

As per the IRDA's third party motor insurance tariffs, high risk vehicles will also be provided the cover.

The Insurance Regulatory and Development Authority of India (IRDAI) has revised the premium rates for third - party motor insurance effective from April 1, 2018.

By the year end, the third party motor insurance premium rates will be depended on the market.

Insurance Regulatory and Development Authority of India (Irda) had introduced long term third party motor insurance policy for two - wheelers with a three - year term in late 2014.

Last year, third - party motor insurance rates had gone up by an average 18 - 20 per cent after transporters opposed the 60 per cent hike demanded by insurers.

The premium rates for third party motor insurance in certain cases will go up by as much as 40 per cent from April 1,2012, as per the notification of the Insurance Regulatory and Development Authority (IRDA).

Third party motor insurance provides cover mainly pedestrians,fare - paying and non fare paying passengers in a vehicle.

The Insurance Regulatory and Development Authority (Irda) has asked companies to charge themselves a 210 per cent provisioning for a high risk category of third party motor insurance risks.

The Insurance Regulatory and Development Authority (Irda) has hiked the premium for third - party motor insurance from April 1, 2014.

Hence, Third Party Motor Insurance for vehicles is a statutory requirement.

When the Insurance Regulatory Development Authority (Irda) proposed a steep hike in the third party motor insurance premium last week, it did not come as a surprise.

Third - party motor insurance is mandatory by law in India.

Writing in this week's NLJ, solicitor Nicholas Bevan says that last month's ruling in Damijan Vnuk v Zavarovalnica Triglav C - 162 / 13 extends third party motor insurance (TPMI) to cover «any motor vehicle, and any use made of such vehicles, provided it is a normal function of that vehicle, anywhere on land».

Nicholas Bevan takes a critical look at the government's consultation on third party motor insurance

On 8 June, it announced its intention to act quickly to limit the impact of the European Court of Justice's decision in Vnuk, that among other things extended compulsory third party motor insurance to use on private property.

Third - party liability for travelling As third - party motor insurance is mandatory for all private and commercial vehicle owners, Amarnath Ananthanarayanan, chief executive of Bharti AXA General Insurance, says all travellers are covered.

In India, buying a third party motor insurance is compulsory, without which driving on the roads will be considered as illegal.

Commenting on the plans to increase the premium of third party motor insurance, he added that the IRDA would soon finalise the quantum of increase.

Third party motor insurance is the most fundamental prerequisite by law to drive a vehicle in India and is the most economical insurance coverage... read more

Third party motor insurance is the most fundamental prerequisite by law to drive a vehicle in India and is the most economical insurance coverage option you can get.

Despite third - party motor insurance being compulsory by law, a fairly large number of these two - wheelers remain uninsured.

Third party motor insurance is a kind of insurance under which the insurance company agrees to indemnify the insured person, if he is sued or held legally liable for injuries or damage done to a third party.

If you really want peace of mind, you should surely avail the third - party motor insurance to cover your vehicle.

New India Assurance Co Ltd, a leading name in motor insurance, is expecting to hear from IRDA regarding latter's final verdict on incrementing the cost of third - party motor insurance in order to restrain the soaring losses caused to the business.

Insurance regulator IRDA today said «severe» penal action will be taken against those general insurance companies refusing third party motor insurance.

The IRDA had earlier announced that the new rates of third party motor insurance premium would be revised at the end of every fiscal year.

While third - party motor insurance is mandatory for all vehicles plying on Indian roads, it is a loss - making business for the general insurers.

Third - party motor insurance premiums would see an increase of 10 - 40 per cent from April 1 in the private cars and two - wheeler segment.