News From Press Traffic violation to be linked to premiums

Traffic violation to be linked to premiums

Source: Mint Sep 12, 2019

Soon you won’t just get away by paying a fine when you violate a traffic rule; it will also have a bearing on your motor insurance premium. About a week after the government implemented the Motor Vehicles Act, the Insurance Regulatory and Development Authority of India (Irdai) formed a nine-member working committee to examine linking premiums with traffic violations.

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