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Traffic violations to be linked to motor insurance premiums
Published Date : 12-Sep-2019 7:30:14 IST
Insurance regulator IRDAI has formed a nine-member working committee to examine linking motor insurance premiums with traffic violations. The committee has been given two months to recommend the implementation framework and methodology, after which a pilot project will be undertaken in Delhi. The premiums are currently linked to the vehicle and not the driver.
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