Insurance IDV, NCB & Excess Clause
Section-1: INSURANCE COMMENCEMENT · Depreciation Schedule To Calculate The IDV Of VEHICLE· The Insurance Regulatory and Development Authority of India (IRDAI) has set the standard depreciation rates for a car which should be used for the IDV calculation.· The IDV is calculated based on a car’s age for the first…
Motor Vehicle Accident due to Neel Cow (Neelgay)
Introduction: Motor vehicle accidents are a significant concern across the globe, with various factors contributing to these incidents. In India, a unique element adds to the complexity of road safety—the presence of the nilgai, also known as the “blue cow.” As the largest antelope in Asia, the nilgai’s interactions with…