Despite a severe slump in auto sales, higher penalties under the new vehicles Act led to a surge in third-party motor insurance purchases in September. Even as vehicle sales tanked 24%, up to 38% more third-party motor insurance policies were picked up, driving the overall insurance business up by 18%. This is almost double the 7-11% year-on-year growth seen in the past three months.
Nine big financial changes that you must watch out for in October
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