News From Press Following data revolution, motor insurance covers to become cheaper

Following data revolution, motor insurance covers to become cheaper

Source: Economic Times Jul 9, 2022

Thanks to India's data revolution, motor insurance covers could become cheaper for those with a good driving track record. The Insurance Regulatory and Development Authority of India (IRDAI) will now allow insurance companies to offer vehicle owners analytics-based insurance that includes 'pay as you drive' and 'pay how you drive', as well as floater policies as add-ons in motor own-damage covers.

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