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IRDAI Increases Third-Party Insurance Premium Rates in 2016

IRDAI Increases Third-Party Insurance Premium Rates in 2016

A third-party insurance policy protects policyholders from liabilities that may arise in the event of an accident leading to the damage of a vehicle, injury, or even death. Usually, third-party motor insurance is a part of the main policy. Some insurers offer this as a standalone cover as well. In India, third-party insurance is an...

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Financial Benefits of Security Investments for Business

Running a successful business requires a great deal of work. It’s not enough just to do the work, you have to consider various other aspects, from advertising to develop a strong customer base to make sure that your business is properly protected from any potential legal recourse. It doesn’t just benefit your business overall to...

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Finding Fault – Insurance Premium Rises and Modern Day Myths

Finding Fault – Insurance Premium Rises and Modern Day Myths

Allegedly we are gradually falling into that most awful of social pits – a compensation culture.  With justice minister Jonathon Djanogly announcing recently that the referral fees paid to insurance companies by solicitors will be banned.  Djanogly has stated that this compensation culture is responsible for driving up the costs of insurance premiums (last year...