ET Money Show: Usage-based Motor Insurance Premium Now Approved! Market & Business News
5Has your vehicle usage gone down due to hybrid work culture? Do you think your vehicle insurance premium is not worth it as you are not able to use it that often as you thought you would. Insurance Regulatory and Development Authority Of India seems to have heard your prayers and have given insurers a nod to enable tech-based add-on Own Damage Motor Insurance Policy. These policies would determine premium pay-out based on your usage. Know how the three different schemes would help you cut your motor insurance premium outgo as we discuss it in length with Ashwini Dubey, Head - Motor Insurance Renewals, Policybazaar.com
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