Third party motor insurance premiums likely to cost more and other top insurance news

Third party motor insurance premiums

The Insurance Regulatory and Development Authority of India has proposed a hike in the third party vehicle insurance premiums by around 3 to 30 per cent across all categories.If the proposal is cleared, it will come into effect from April 1, 2016.

In its bid to cut expenses, the Insurance Council has started appointing retired staffers at ombudsman centres to replace its existing workforce comprising officials on deputation.

(DNA) In Chennai, 56.8% of households are covered by health insurance followed by Hyderabad with 49.8% and Kolkata with 26.1%. Among the metros, Mumbai (city) has the lowest with 12.4%.

The data for New Delhi, however, is yet to be released. (TOI) Online insurance portal Coverfox is expecting a ten-fold jump in its premiums to Rs 1,000 crore in next three years, a top official said.

The Naukri Job Speak Index for February 2016 recorded an increase of 18% in hiring activity over February 2015.

The growth in hiring activity showed year on year growth for the IT-software and insurance sector.

Maharashtra government will begin implementation of the Prime Minister Fasal Bima Yojana ( PMFBY) from April 1, the Legislative Council was told today.

AIA Group Ltd. and Prudential Plc shares declined in Hong Kong after China tightened restrictions on the use of third-party payment providers to buy insurance products in the city.

Insurers have seen a 39 per cent increase the number of drivers opting for black box ‘spy in the cab’ devices to cut premiums.

Curated from Third party motor insurance premiums likely to cost more and other top insurance news

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