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Tag: claims

Tesla and its insurance struggles
Tesla and its insurance struggles

By: Insurancepe September 20, 2024

Tesla Insurance, launched in 2019, was Elon Musk’s bold step into the motor insurance market, offering Tesla owners tailored policies with potential savings of up to 30%. The idea was
Vehicle or Car? Loss or damage?
So, you are sure you understand every term/phrase used in your motor insurance policy? What if we said that you do not? VEHICLE OR CAR: The term vehicle or car
‘Limitation as to Use’ of your motor vehicle

By: Insurancepe July 24, 2024

You must be aware that your motor insurance policy does not simply cover any loss or damage and that there are exceptions. Most of these exceptions are listed out in
The Proposal Form – Reading it once

By: Insurancepe June 13, 2024

What is a Proposal? Simply put, it means an “application”. When a ‘proposer’ fills in a ‘proposal form’ and hands it in to an insurance company, they are submitting an
Pune Porsche Incident
On Sunday, the 19th of May 2024, a Porsche Taycan car crashed into a motorcycle which resulted in the death of the two software engineers riding the motorcycle. According to
Issued Guidelines to standardize Health Insurance Exclusion
In April 2024, the insurance regulator IRDAI introduced changes to the health insurance regulations to protect policyholders and improve the health insurance experience. These revisions will be applied to all
India is expected to have a functional insurance claims exchange – the National Health Claims Exchange (NHCX) by December 2023. In August 2023, 29 insurers offering health insurance and 18
Does your insurance cover War?

By: Insurancepe October 30, 2023

With distressing news of war and conflict from different parts of the world becoming increasingly and worryingly common, we ordinary people can only hope that peace comes sooner than later,
INSURANCE AND AUGMENTED / VIRTUAL REALITY

By: Insurancepe September 7, 2023

Digitalization is the new growth strategy of Insurance. Competition and consumer behaviour are accelerating the digitalization process. With increasing investments in technology and introducing cutting-edge solutions for standardization of certain
Agriculture Insurance Claims Needs Rectification

By: Insurancepe July 28, 2023

Agriculture insurance companies seem to be making huge profits as claims paid out by them have been consistently reducing over the years. Have a look at the below statistics from