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Motor insurance for multiple cars: Get app-based single policy soon

Thursday, January 23, 2020, 3:23 PM

Owners having multiple vehicles may soon get an app-based single insurance policy. They will also get new options to financially protect their vehicles against any damages as insurers are planning to roll-out unique features, said the source. Insurance companies may offer insurance policies computed on the basis of driving-pattern, distance covered while driving the vehicles or a first-of-its-kind mobile app-based single-policy for multiple vehicles.
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Australia strengthens bushfire defenses as economic, environmental costs mount

Tuesday, January 7, 2020, 8:18 PM

Australian firefighters used a break from searing temperatures on Tuesday to strengthen containment lines around huge wildfires as the financial and environmental costs of the crisis mounted. More than 10.3 million-hectares (25.5 million-acres) of land an area the size of South Korea have been razed by bushfires across the country in recent weeks, according to the latest data, with the southeast particularly hard hit.
 
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Offer standard health policies with maximum sum insured Rs.5L: Irdai

Friday, January 3, 2020, 5:28 PM

Insurance regulator Irdai issued guidelines on standard individual health insurance, asking the general and health insurers to offer product that can take care of basic health needs of customers with maximum sum insured of Rs 5 lakh and a minimum of Rs 1 lakh. The product will be named as Arogya Sanjeevani Policy, succeeded by the name of the insurance company.

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