Discount on premiums for Voluntary Deductibles - private cars and two-wheelers
The tables given below enlist the voluntary deductibles for car insurance for private cars and two-wheelers.
Motor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals
Know about motor insurance, its costs, premiums, bonuses, discounts and more.
Can the insurance premium on my vehicle be reduced?
Insurance premiums can be reduced if you maintain a claims-free record. Insurers reward claims-free years with discounts on the succeeding year's premiums.
What is No Claim Bonus?
No Claim Bonus is the discount that the insurer gives you for a claims-free year. The No Claim Bonus increases every claims-free year up to a maximum of 50% discount.
Voluntary Deductibles and Compulsory Excesses
Voluntary deductible is the portion of a claim that the customer is willing to bear voluntarily. Compulsory excess is the sum added to the customer's premium as a result of bad claims experience with regards to a vehicle. It is tagged on apart from the Ma
Finance ministry recomments cost cuts at banks and insurers
Without obstructing operation efficiency, finance minister has asked banks and insurance companies to cut their operations cost by 10%.
How is the premium calculated on my vehicle?
The premium on a vehicle is calculated on the type of vehicle, its IDV, city of registration, period of coverage, and claims history.
General insurance industry posts robust figures
The private players posted a growth figure of 27.68 per cent over the last fiscal where as the public players posted a growth figure of 4.04 per cent during the same tenure.
MyTVS tie-up with Oriental Insurance to provide cover
MyTVS comes together with Oriental Insurance and launches a product for roadside emergency along with the cashless facility. This scheme will provide immediate roadside assistance by calling on a toll free number. This scheme will initially be provided i
HMSI and United India in strategic partnership
United India Insurance (UII) and Honda Motorcycle and Scooter India (Private) Limited (HMSI) have tied up to provide motor insurance for the latter's new vehicles.
Bajaj Allianz goes SAS
Bajaj Allianz decides upon SAS tools a leading business analyst to meet the growing insurance demands.
Reliance General Insurance flies high
Reliance General Insurance has grown 125% in business this fiscal year, outdoing its chief competitors ICICI Lombard and Bajaj Allianz.
No impact of de-tariffing on private insurers
Total de-tariffing, which came into effect from January 2008, has not had any impact on premium income of general insurers.
How cheap will Nano insurance be?
The good news is that insurance for the small car could be available for as low as Rs 2,000 and could fall further if Tata assures insurers of the availability of low-cost spares.
Changes galore in insurance sector in '08
Insurance buyers can expect more mature, custom-made products and better services this year.
GIC asks to keep premiums out of service tax net
The General Insurance Council (GIC), the representative body of non-life insurance insurers, has proposed that health insurance premiums and premiums below Rs 2,500 for non-health insurance polices should be out of the service tax net.
ROI on Sensex gains offsets underwriting and detariffing losses for general insurers
In spite of losses due to detariffing of the insurance sector leading to underwriting losses, general insurance companies more than made up by return-on-investment (ROI) incomes due to the booming stock market.

 

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