There are a lot of #CarInsurance myths out there about what actually affects your rates, and if you aren't informed you may be paying more than you need to. Here's a look at what's fact and fiction when it comes to car #InsuranceRates and finding the best deal possible, no matter thee or color of your car, or the age of the driver. Learn more here: #diamondanddiamond
It's common knowledge that males, especially those under 30, are generally charged more for #CarInsurance. But is it fair to have your rates set based on your age, gender, or marital status? Apparently it is. According to the numbers #InsuranceCompanies come up with when calculating who is more likely to submit a claim, certain groups, such as young males, are overall a higher risk to insure and the rates reflect that. #diamondanddiamond
Term insurance is a must have for all who have dependent family members or liabilities to pay off. This is the most basic and cheapest form of pure protection life insurance to protect the life style of dependent family members in the unfortunate event of demise of the breadwinner of family.
2 1311:28 PM Jul 6, 2018
Every parent seeks a secure future for his child. And, a secure future primarily depends on what kind of support the child gets during the key milestones of his life – education, career and marriage. Among all these three milestones, ensuring the best education for their child features at the top in the ‘must-do for our child’ list of most Indian parents.
3 2411:24 PM Jul 6, 2018
In a move that increases hope for newborns battling for life in neonatal ICUs, the Insurance Regulatory and Development Authority of India (IRDA) has defined a newborn as a “baby born during the policy period and aged up to 90 days”. It has communicated the definition to the Newborn Medical Insurance Committee of National Neonatalogy Forum (NNF), which has been fighting for insurance coverage for newborns.
1 1412:22 PM Jul 5, 2018
Think of the day that your child was born and you took him or her in your arms for the very first time. That is the time you realised that this tiny little bundle of joy you are holding in your arms is your responsibility. You will be nurturing, caring and making this tiny person into a human being who is worth her salt. And that indeed is no mean responsibility.
2 115:22 AM Jul 5, 2018
With #ICBC’s recent financial problems, there has been talk of serious changes to some of their policies that will affect drivers in the province by next year. One of these is the new limit on “minor” motor vehicle accident #InjuryClaims. We go through everything you need to know about the new measures in our latest blog post, so you can be prepared when they're implemented. Read more about it here: #diamondanddiamond
2 347:58 PM Jul 4, 2018
The rising cost of education is troubling Indian parents. More than 60% of the respondents in an online survey by ET Wealth listed this as their biggest worry. This was followed by lack of knowledge, not saving enough and starting too late.
3 286:56 AM Jul 4, 2018
An investor consortium led by private equity fund WestBridge Capital Partners, which includes ace stock market investor Rakesh Jhunjhunwala, has emerged as the frontrunner to acquire India’s largest independent health insurance company Star Health and Allied Insurance valued at just under $1 billion, people directly aware of the matter said.
IRDA (Insurance Regulatory and Development Authority) making third party insurance mandatory for battery operated three wheeled vehicles, the chances of an accident victim getting compensation have risen.
1 3110:43 AM Jun 27, 2018
My iPad that I love the most because it makes my life easier..insurance all your household items together with your car as a bundle and save money with Budget insurance. #CantAffordNotTo#Budgetinsurance
Car buyers give a lot of thought to the car model they want to buy but usually don't offer the same thought to the selection of their car insurance.
1 1812:50 PM Jun 24, 2018
Motor insurance costs roughly 3-4% of the price of the vehicle in the first year. If no claim is made, it will progressively come down to about 1-2% by the fifth year. There are many ways to reduce this cost.
2 294:48 PM Jun 22, 2018
A device that captures all your driving behaviour, right from how fast you go to when you apply brakes, will now help decide the cost of your motor insurance. For the first time in India, a private insurer has introduced telematics — the technology of long-distance transmission of information — to price motor insurance.
2 376:24 PM Jun 21, 2018
The new motor vehicle bill 2016 with proposals to levy hefty penalties for violating road safety rules is expected to boost car insurance growth, experts said.
1 426:43 PM Jun 20, 2018
There is some cheer for vehicle owners paying insurance premiums. The Insurance Regulatory Development Authority of India (IRDAI) has moderated the hike in motor third party (TP) insurance premium in most vehicle categories to 28% from 40%. The revised rates have come into effect from April 1.
1 136:54 PM Jun 19, 2018
Third party motor insurance, the segment that used to be a drag on insurers for more than a decade, has turned into a money spinner for these firms, thanks to increased premiums and motor safety norms.
1 168:35 PM Jun 18, 2018
In India, driving is no more a luxurious thing, thousands of people drive a car on a daily basis. There is no doubt in saying that owning a car allows you to get free from the hassles of public transport.
Do you know what steps to take if you've been involved in an accident with an #UninsuredDriver? In our latest blog post, we discuss how you can still get #compensation for an accident and your injuries even if the other driver doesn't have insurance. Read about it here and make sure you know your rights: #diamondanddiamond
1 317:58 PM Jun 15, 2018
Insurance regulator Irdai today proposed a reduction in premium on insurance of small private cars and certain types of two-wheelers, but plans to raise the same for several categories of goods vehicles.
1 114:09 PM Jun 15, 2018
The ICBC is a unique #InsuranceCompany in that it's a not-for-profit Crown (public) corporation. No other Canadian province has a comparable automobile insurance provider, and it's important to know the difference when dealing with ICBC after an accident. We go through the most common mistakes people make when filing an #ICBC claim, and how to avoid them so you can get the compensation you deserve. Read more about it here: #diamondanddiamond
3 223:59 PM Jun 15, 2018
Check if the premium that you are shelling out on buying car insurance from your dealer is much more than what you would be paying if you bought it online.
The Court of Appeal for Ontario recently ruled that #ExcludedDrivers can still claim accident benefits in certain circumstances. The ruling stated that drivers excluded from coverage on their own insurance policies can still claim #AccidentBenefits on other drivers' policies, as long as they weren’t driving the vehicle from which they were excluded. #diamondanddiamond
Swirling rain waters flooding various localities across the city over the past one month not only entered houses and damaged furniture and electronics but also rendered many swanky cars useless.
2 188:14 PM Jun 11, 2018
B.C. recently introduced a a #MinorInjury cap of $5,500 in the province, and it's estimated to reduce ICBC claims costs by more than $1 billion annually. ICBC plans to rolls out more changes this year, including rate increases for #InsuranceCoverage, to help reverse the financial difficulties the corporation has been facing. #diamondanddiamond
2 277:58 PM Jun 11, 2018
Ankeet Gandhi was in the parking lot of The Saturday Club on Tuesday evening when he saw a debdaru tree a few steps away sway violently in the storm before toppling over and crashing on his Hyundai i20 and two other cars.
The tree that rose to a height of 32ft sliced through the roofs of three cars - Gandhi's i20, a Honda City and a Ford EcoSport. The windshields and windows were smashed and the car seats crushed under the impact of the fall.
British Columbia is making serious legislative changes to reduce skyrocketing payments for #InjuryClaims by capping settlements and limiting when accident victims can sue.
These changes are another effort by #ICBC to stay afloat amidst financial difficulties that have put the organization in danger of collapsing. #diamondanddiamond
Diamond and Diamond lawyer Darryl Singer recently wrote a piece for the Financial Post to discuss the rise in insurance premiums in Ontario. In 2013, Kathleen Wynne promised to deliver a 15% reduction in #InsurancePremiums to the province, but instead we have seen a 2.5% increase and 'excessive profitability' by #InsuranceCompanies that are meant to be regulated. Read his full article here: #diamondanddiamond
A report published by the #FraserInstitute says that there are two factors that are most likely contributing to #ICBC's financial difficulties: an unfriendly environment and “misguided provincial government policies”. “Reduced enforcement may have increased the frequency of accidents, while ICBC’s procedures for assessing property damage claims may have raised the cost of those claims”, said John Chant, senior fellow at the Fraser Institute. #diamondanddiamond
So According to stats, I recently discovered that 65% of cars are not insured.. Surprisingly I was one of them.
I used to feel very uncomfortable leaving my car unattended at public places like shopping centres.
But after having insurance that sense of relief just made me calm, now I can enjoy my shopping and drive around without feeling any insecurities.
One of the perks of having an insurance.. #CantAffordNotTo Oh yesssss it sure feels awesome.
#BudgetInsurance.. All the way.
Working awkward hours, sometimes it's late at night or early mornings. I worry a lot about smash & grab or car hijack. But it's comforting to know that Budget has my back, what about the 65% of people not insured in South Africa. #CantAffordNotTo#BudgetInsurance https @budgetinsuracesa