Tag: car insurance

Insurance firm not liable to pay compensation for death of persons driving rashly: Supreme Court

Insurance firm not liable to pay compensation for death of persons driving rashly: Supreme Court

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Image for representation only | Photo Credit: Getty Images/iStockphoto The Supreme Court has said insurance companies are not liable to pay compensation to the families of individuals who die as a result of their own rash and reckless driving. A bench of Justices P.S. Narasimha and R. Mahadevan refused to grant ₹80 lakh compensation sought […]

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Long term motor insurance package cover set to return

Long term motor insurance package cover set to return

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Image for representative purpose only. | Photo Credit: Getty Images Long term motor insurance packages comprising mandatory Third Party and optional Own Damage covers are likely to make a comeback with insurance regulator IRDAI issuing an exposure draft seeking comments. “In order to allow policyholders a wider choice, it is proposed to permit all general […]

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