Insurance companies offer two types of motor insurance cover. One is the liability-only policy, which covers third-party liability for bodily injury or death and property damage. The other is a package policy, or comprehensive cover, which covers loss or damage to the insured vehicle and the third-party liability.
Apart from these, insurers also offer a few add-on covers that provide policyholders many benefits. Such add-on covers are available for all private cars, two-wheelers and even commercial vehicles. So, before finalising on the add-on covers, one must take note of the total sum insured of the vehicle and the costs of the add-on covers.
If the insurance regulator has its way, it may well be a deluge of initial public offering from insurance companies in the next three years. The regulator plans to mandate all companies with about 10-year history to list on stock exchanges which would help them raise capital as well as make their operations transparent which at present remains opaque without public scrutiny, a member on the board of Insurance Regulatory and Development Authority of India (Irda) said.
The regulator's ..
If the insurance regulator has its way, it may well be a deluge of initial public offering from insurance companies in the next three years. The regulator plans to mandate all companies with about 10-year history to list on stock exchanges which would help them raise capital as well as make their operations transparent which at present remains opaque without public scrutiny, a member on the board of Insurance Regulatory and Development Authority of India (Irda) said.
The regulator's ..
