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Don’t miss the latest developments in business and finance.
Want a lower motor insurance premium? Watch how (often) you drive
Floater policies will be cost-effective, provide convenience of renewal at one go for multiple vehicles
Irdai working group proposes 'traffic violation premium' in motor insurance
It will float over own damage and third party sections and can be attached to any section of motor insurance cover bought
Renewing motor policy on time is more cost-effective and hassle-free option
If you let it lapse and renew later, you will lose out completely on the no-claim bonus
Irdai withdraws long-term package covers in motor sector over affordability
Regulator also says insurers are facing issues in offering the product
Tata AIG launches usage-based insurance cover for private car owners
The usage-based private car cover, launched under the Irdai's regulatory sandbox, is more affordable offering customised solution towards one's driving profile apart
Sitharaman's sops likely to spur motor insurance companies' growth
The enhanced depreciation is expected to motivate vehicle makers