A large number of millenials have availed own damage (OD) and third party (TP) insurance policies for their cars and bikes, a survey said today.
The survey was conducted by ICICI Lombard General Insurance among 1,073 millennials, comprising both car and two-wheeler owners, spread over Mumbai, Delhi, Pune, Bengaluru, Ahmedabad and Kolkata.
Even as 76 per cent of people surveyed were aware of car insurance policy in OD and TP, 41 per cent had availed of it, the survey report, released here, said.
In case of third party motor insurance, 78 per cent of people surveyed were aware of the insurance policy and 23 per cent among them had already availed of the same.
