The Companies Act 2013 has brought in significant changes, which highlight the protection of the interests of stakeholders and other shareholders. The increased responsibilities assigned to the directors and officers heighten the chance of their being accountable for acts they commit either wrongfully or unintentionally, thereby leading to significant legal costs or other financial burdens. […]
Articles Tagged: Motor Insurance
What are the changes in insurance under new motor vehicles act ?
On February 15, 2022, the Ministry of Road Transport and Highways issued the latest amendments to the Central Motor Vehicles Act Rules, 1989. These amendments aim to enhance safety measures for road transport. They are effective from 1st April 2022. What are the amendments to the Motor Act? There have been 2 recent amendments to […]
Two-wheeler insurance – Best bike insurance online
According to a report titled ‘Two-Wheeler Market in India 2019’, the Indian two-wheeler market is expected to grow at a CAGR of 7.33%. the report states that from 21.19 million units in 2019, the sale of two-wheelers is expected to reach 24.89 million by 2024. The numbers are not surprising. Two-wheelers are popular means of transport […]
Insurance sold by car dealers can be costly
Published in Mint, on 21st Feb 2017 If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the policy with the deal. But the policy from the dealer can be expensive and you may get a […]
What is deductible in Insurance and how does it work?
It is likely that when browsing for insurance, you have stumbled upon the term ‘deductible’. What is a deductible and what are its implications if applied to your insurance policy? If these are questions you would like answered, this post is for you. Let’s explore how deductibles work in different insurance plans. It’s important to […]
No claim bonus can be availed up to 90 days after insurance policy lapses
Published in Mint on Jan 12 2017, Written by Abhishek Bondia I own a car that is 6 years old. I have been diligent with properly insuring it every year and have never taken any claim. Its renewal is due in January. However, I have been with my son in the US since November last […]
Tips to minimise your motor fleet insurance premium
The cost of operating a fleet can be considerable. A motor fleet insurance policy helps reduce the cost of maintenance and accidental wear and tear. And to make even more gains, you can apply the tips discussed here to ensure an affordable premium on your motor fleet insurance. Minimizing premium when buying motor fleet insurance […]
Inform insurer about any installation in your car to get it covered in motor insurance
Published in Mint on Nov 17, 2016, Written by Abhishek Bondia I have a motor insurance policy. If I install a music system in my car during the policy period, will that be covered? —Ankit Moranha The music system installed in your car can be covered if you inform the insurer and pay an additional […]
Fleet insurance — the perfect policy for transport businesses
Handling a large number of vehicles is tough. In addition to regular maintenance, one has to consider exceptional events like accidents and damage. Managing related costs can be financially draining. This is where a motor fleet insurance policy comes in handy. It offers not only complete coverage against any loss or damage to the fleet […]
You can challenge the rejection of a health insurance claim
Published in Mint on Aug 23 2016, Written by Abhishek Bondia Reports from the pre-issuance medical test and doctors’ consultation are expected to identify pre-existing ailments My mother, 52, has been diabetic for the past 5-6 years. She has a family floater health insurance and I am the sponsor. Her condition was declared at the […]