News From Press Insurers must offer a basic cover, strict claim deadlines

Insurers must offer a basic cover, strict claim deadlines

Source: ET Jun 13, 2024

The regulator has asked insurers to provide "pay as you drive" or "pay as you go" options, which will now be offered as the first choice to customers in motor insurance.

This payment model will allow customers to pay premiums based on their actual vehicle usage, promoting personalisation in insurance coverage.

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