News From Press Supreme Court auto order: Non-life insurers find going tough

Supreme Court auto order: Non-life insurers find going tough

Source : Economic Times Aug 4, 2018

Non-life insurers have pointed out to challenges in implementing the Supreme Court (SC) order asking them to issue three-year and five-year insurance policies for new four-wheelers and two-wheelers, respectively. Non-life insurers have recommended bifurcating the mandatory third-party insurance cover and the optional ‘own-damage’, or comprehensive insurance cover, which compensates for vehicle damage.

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