Traffic violations to be linked to motor insurance premiums

Traffic violations to be linked to motor insurance premiums
Published Date : 12-Sep-2019 7:30:14 IST
6,270

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.

Traffic violations to be linked to motor insurance premiums Published Date : 12-Sep-2019 7:30:14 IST 6,270