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The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country. [2]
Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. Active two wheeler insurance shields the vehicle owner from any unforeseen occurrences like the accident or any serious damage to the motor vehicle.
While the long-term insurance policy is 3 years for four-wheelers, it is 5 years for two-wheelers. The following guidelines are issued to implement the Supreme Court guidelines via a circular issued to insurers under Section 14(2) of the Insurance Regulatory and Development Agency of India Act, 1999, effective September 1, 2018.
For example, setting up utilities and other services to your new address can be much easier with a driver’s license that reflects that address. States require that residents update their driver ...
The Regional Transport Office or District Transport Office or Regional Transport Authority (RTO/DTO/RTA) is an office administered by the State Governments constituted under Section 213 (1) of the Motor Vehicles Act, 1988 of India and is responsible for implementing the various provisions of this Act.
Zurich Kotak General Insurance Company is an Indian general insurance company headquartered in Mumbai. It offers non-life insurance products like motor, car, bike, health, travel, home and others. [3] It is 70% owned by Swiss insurance company Zurich Insurance.
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [ 5 ] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [ 6 ]
Application for a provisional driving licence can be made from the age of 16. Provisional licences allow the holder to drive a moped or gearless motorcycle from age 16, [2] or a motorcycle/scooter with manual transmission, three wheeler, car, or any motor vehicle with a maximum of four wheels and less than 7500 kilograms, from age 18. [3]