Motor Insurance
Latest news, explainers and analysis on Motor Insurance. Tracking 2 stories on Arth Vani.
Connected in the graph
Latest on Motor Insurance
EV Insurance: Higher Repair Costs Likely Due to Specialised Components
Electric vehicles (EVs) rely on expensive and complex components like high-voltage battery packs and electric motors. This specialisation means repairs can be costly, potentially increasing insurance claim values and impacting future premiums for EV owners in India.
ICICI Lombard Warns of Rising Fire Insurance Costs and Motor Claim Payouts
ICICI Lombard has flagged that current low pricing in fire insurance is unsustainable following a dip in quarterly profits. The insurer also noted a rise in motor insurance payouts due to a Supreme Court ruling that increases compensation for homemakers involved in accidents.
Insurance is subject to policy terms, waiting periods, exclusions and IRDAI regulations. Read the policy wording and consult the insurer before buying. Insurance is the subject matter of solicitation. Some listings may be sponsored.