News From Press You don’t need to buy compulsory personal accident insurance cover more than once

You don’t need to buy compulsory personal accident insurance cover more than once

Source: Mint Nov 21, 2024

It is mandatory to take third-party and personal accident covers as part of your motor insurance for any plying vehicle. Owing to the mandatory nature of a personal accident cover, it came bundled with motor insurance. For you, this meant bringing home the bundled personal accident cover even when you bought a second car. Buying the same cover more than once just adds to the cost, and the regulator too realised this.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

More articles you may wish to read

Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May

Life insurers' new business premium up 13% in May; non-life firms rise 6.3%

Gift of Protection: Five types of insurance that you can gift this Father’s Day

Debt mutual funds see ₹15,908 crore outflow in May amid redemptions

Indian macros are quite strong, relatively shielded from global shocks, says this fund manager

6 mutual fund houses had over Rs 10,000 crore cash in their portfolio in May

Divided house on REITs, InvITs’ equity status

Zuno launches India’s first crash detection-enabled insurance

A hard look at the AI-171 plane crash - how insurance claims will work & other news | MC Editor's picks

Life insurers grapple with post-Covid mortality spike, see 25% decline in insurance coverage

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How will the US tariffs impact the Indian economy over one year?

Indian economy will be negatively impacted

There will be little or no impact on Indian economy

Indian economy will be positively impacted

EVENTS