Motor insurance in 2019: Hike in third party premiums and penalties

By Sajja Praveen Chowdary

Considering the various developments in the ecosystem as well as in technology relating to motor vehicles, the Insurance Regulatory and Development Authority of India (Irdai) brought in numerous changes in its existing products and insurance policies. The guidelines issued in the year 2019 made motor insurance policies better and simpler.

The writer is business head, Motor Insurance, PolicyBazaar.com

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