Higher motor insurance premium this year if more than 2 traffic challans levied last year? Here’s what experts say
Proposed rules linking traffic violations to higher insurance premiums are under consideration at present. Stricter rules for traffic violations are also being proposed. Experts anticipate that premium pricing might involve a tiered model based on pending challans, potentially using telematics for risk assessment. However, there are valid concerns regarding inflated premiums in cases where challans have been erroneously and wrongfully generated.
Budget 2025: Govt extends Ayushman Bharat health cover to 1 Crore gig workers
The Budget 2025 announces that gig workers will now be eligible for healthcare under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This move addresses gig workers' lack of income security and access to medical services, and recognizes their contribution to the economy.
What influences your motor insurance premium—and tips to save it
Motor insurance premiums involve various factors like payment modes, claim history, and policy purchase method. Choosing strategic options such as spreading payments, leveraging No-Claim Bonuses, opting for Pay As You Drive, avoiding dealer-driven policies, and making smart deductible choices can significantly reduce premiums without compromising coverage.
Latest claim settlement ratio of health and general insurance companies released by IRDA in 2025, Navi, Acko take lead, Star Health, Zuno fall below 90%
In 2025, IRDAI's handbook on Indian insurance statistics highlighted that Acko General Insurance lead amongst all general and health with a 99.91% claim settlement ratio within 3 months. Among public sector insurers, United India Insurance stood at 96.33%. However, at 82.31%, Star Health and Allied Insurance Co. Ltd. had the lowest claim settlement ratio within 3 months. Overall, general insurers settled 81.13% of all their insurance claims received within 3 months in 2023-24.
Tax savings no longer driving middle class to buy life insurance: Vibha Padalkar, MD & CEO, HDFC Life Insurance
Unlike in the West, where government-backed social security provides a safety net, Indians know they must rely on their own savings for the future. This fundamental mindset won’t change easily, HDFC Life’s Vibha Padalkar tells Yasmin Hussain.
