Provide insurance cover to staff travelling in employers' vehicle: Irdai tells insurers

​​The top court was hearing two pleas filed by the Delhi government against the high court order permitting bike-taxi aggregators, Rapido and Uber, to operate in the national capital till notification of the final policy by the administration on plying of two-wheeler non-transport vehicles.

As electric vehicles (EVs) gain popularity in India, it becomes crucial for owners to ensure they have adequate insurance coverage.

Add-on covers are usually additional benefits that you can add to your comprehensive car insurance policy by paying an extra amount. To protect different parts of your car, there are specific add-on covers. If you don't understand what part of your car is protected by which add-on cover and jumbled them up while filing an auto insurance claim, your insurance company may refuse to bear the cost. To solve this, Bajaj Allianz General Insurance has come up with a new motor insurance plan that offers a plethora of add-on covers together. Let's understand how it works

When buying your first car's new insurance, there are a few things to keep in mind to ensure that you make an informed decision and get the best possible coverage.

It comes after the Insurance Regulatory and Development Authority of India (IRDAI) asked the insurers to come out with a new insurance product along these lines, they said. Insurers will make a representation to the IRDAI in this regard, said a senior executive with one of the general insurance companies.

However, she admitted that the company is facing competition from general insurers after the insurance regulator Irdai relaxed expenses of management (EoM) norms for the scheme from this financial year.

It is highly recommended to opt for a comprehensive insurance policy with add-ons for holistic financial protection

The government has so far approved 72 such registered vehicle scrapping facilities, or RVSFs, across 16 states and Union Territories. Of these, 34 are in Uttar Pradesh alone, six in Haryana and five each in Gujarat, Bihar and Madhya Pradesh. Only 38 of the facilities are currently operational though. Maruti Suzuki, Tata Motors and Mahindra and Mahindra, the countrys top three passenger vehicle OEMs (original equipment manufacturers) contributing about 65% of domestic sales annually, have set up scrapping facilities at multiple locations.

India Business News: Mumbai:The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive to all general insurers and standalone health insura.