IRDAI

If you are a taxpayer in India, then you ought to read through this carefully.

The 2017 Mental Healthcare Act called for insurance companies to accommodate mental health expenses into their provisions.

If you think about it, a person can only drive one vehicle at a time, and hence, duplicating the personal accident policy for the same person across multiple vehicles is a complete waste.

Well, you may have to pay more for a car or two-wheeler for a ‘third-party insurance’ policy which has been made mandatory by the Insurance Regulatory and Development Authority of India (IRDAI) after a Supreme Court order.

As per the policy, the insurance company may reject the claim if the accident occurs outside the geographical area as defined in the policy.