News Non-Life03 Oct 2018

India:All motor policies to include US$20,000 personal accident cover for vehicle owners

03 Oct 2018

Insurance regulator IRDAI has directed that all motor policies are to include personal accident protection that will cover the owner-driver for INR1.5m ($20,400) in case of death due to accident while driving. The move is seen as benefiting in particular two-wheeler owners who are often under-insured.

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