Insurers deplore modest hike in 3rd party insurance premium

Last Updated: Wednesday, April 1, 2015, 22:08

Disappointed by moderate hike allowed by the regulator IRDAI in third party motor premium, effective from today, general insurers may hike premiums in other classes of business to compensate for it.

Third-party motor insurance premiums to go up from today

Last Updated: Wednesday, April 1, 2015, 00:07

The premiums are being revised after a gap of three years.

IRDA Draft on hike in premium for 3rd party motor insurance

Last Updated: Tuesday, March 10, 2015, 21:18

Insurance sector regulator IRDA Tuesday floated a draft proposal seeking to raise premium rates for third party motor insurance cover for the fiscal beginning April 1, 2015.

Premium growth slows to 9% in Oct, Nov as auto sales fall

Last Updated: Sunday, December 14, 2014, 12:31

After clipping at 12-13 percent growth in the first half, the incremental premium income of the Rs 80,000-crore general insurance industry has plunged to single-digits in both October and November due to sharp fall in motor insurance premium, say industry experts.

'Motor insurance premium hike too low to cover losses'

Last Updated: Friday, March 29, 2013, 12:20

The general insurance industry on Friday termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.

Motor insurance premium to be costly by up to 20% from Apr 1

Last Updated: Tuesday, March 26, 2013, 21:12

Motor insurance premium will be costly by up to 20% from Apr 1 in view of rising inflation and the history of claim settlement.

Two- fold hike in motor insurance premium, rates to go up from April 1

Last Updated: Saturday, February 16, 2013, 21:15

Motor Insurance premium is set to become more expensive, with IRDA proposing up to up a two- fold hike in rates from April 1 in view of rising inflation and the history of claim settlement.

Health, motor insurance to be key growth drivers: Bajaj Allianz

Last Updated: Sunday, December 2, 2012, 17:45

Health and motor insurance will remain the key growth drivers for Bajaj Allianz General Insurance in near future on the back of larger opportunities in these space, a top company official said.

Severe penal action for refusal of 3rd party insurance: IRDA

Last Updated: Wednesday, October 3, 2012, 16:07

Insurance regulator IRDA on Wednesday said, "severe" penal action will be taken against those general insurance companies refusing third party motor insurance.

Fire, group health, motor insurance premia may go up

Last Updated: Monday, September 24, 2012, 22:06

Premiums in various segments like fire, group health insurance plan and third-party motor insurance are likely to go up in the wake of losses being incurred by insurers, a top United India Insurance executive said.

HDFC ERGO General introduces add-ons in motor insurance scheme

Last Updated: Wednesday, August 8, 2012, 22:52

Private insurer HDFC ERGO General Insurance Wednesday said it has incorporated add-ons in its motor insurance scheme aimed at catering to the growing needs of customers.

Motor insurance premium rates to go up

Last Updated: Sunday, April 1, 2012, 17:09

Owners of cars, commercial vehicles and two-wheelers will have to pay more towards insurance with enhanced motor insurance rates coming into effect from Sunday.