Some months back, Mint Money published a story on why one shouldn’t settle for a car insurance policy that the car dealer packages with a car purchase. We advised shopping around for a cheaper policy instead of settling for this convenience. You can read it here.
The good news is that from now on, your car dealer may actually be offering better options. As per the guidelines on motor insurance service providers, which were issued on 31 August by the Insurance Regulatory and Development Authority of India (Irdai), motor dealers can now work for one or more insurers either directly or through insurance intermediaries.
