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Currently, a comprehensive insurance policy, an insurance package, covers risks, including damage to the owner's vehicle and liability (third-party insurance). After the introduction of long-term third-party motor insurance for new cars and new two-wheelers, the insured may be given the following two options:
The Insurance Repository in India is a database of insurance policies.It allows policy holders to make revisions to a policy. It launched on 16 September 2013. It is the world's first of its kind.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Dig deeper: 7 surprising situations your standard car insurance won't cover (and how to stay protected) 3.Shop around for new policy rates. While staying with your current provider might sound ...
Drivers who do not own a car but are licensed may be able to obtain a non-owner car insurance policy. These policies may be useful for those who frequently borrow or rent cars.
The Insurance Act of 1938 [9] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalised on 19 January 1956, through the Life Insurance Corporation Act.
In 2020, HDFC Ergo Health Insurance( earlier known as Apollo Munich Health Insurance) [4] merged with the company after the receipt of final approval from the Insurance Regulatory and Development Authority of India (IRDAI) making it the second-largest private insurer in the accident and health insurance business. [5]
Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features. [13] In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software.