Relief: One insurance for more than one vehicle, now concession in premium on good and safe driving

Posted on 7th Jul 2022 01:10 pm by rohit kumar

Having more than one car and two-wheeler will now have a single insurance policy. There is no need to take multiple policies for different vehicles. The Insurance Regulatory and Development Authority of India (IRDA) said on Wednesday that it will be like a floater policy of health insurance. This insurance cover will be given on an add-on basis. This will be added to the policy. Its objective is to increase the coverage of insurance in the country.

 

 

At the same time, the premium for motor insurance will also have to be paid less for driving safely and in a good manner. At the same time, a higher premium will have to be paid for breaking the rules or driving the vehicle wrongly. According to the new rules issued by IRDA on Wednesday, now the premium amount will be decided on the mode of driving. Both the rules have come into force immediately.

 

 

equipment for monitoring

 

The new rules are based on Telemax plans. These are fixed based on the usage of the vehicles and the behavior of the driver. For this, a small device will be required in the vehicles. It states that the more you drive, the higher the premium you will have to pay.

 

keep pace with changing needs

 

IRDA said that with the changing times, now the needs are also changing. In such a situation, insurance companies will also have to make changes based on technology, so that the challenges arising can be dealt with.

 

Also Read: New GST Rates: From July 18, packaged flour, milk and cheese will be expensive, GST on private beds in hospitals too

Other news

One Nation One Election: Simultaneous elections are not a new concept... The government told why there is a need for a new system

Between the introduction of the One Country-One Election Bill in the Lok Sabha and sending it to

WTC Final: Ravi Shastri angry with Pujara's shot selection, said – he has 100 test experience, and did not expect this from him

The performance of the Indian team against Australia in the World Test Championship final has bee

'Governor has no veto power, keeping bills pending is illegal', SC's important comment on Tamil Nadu Government vs Governor case

The Supreme Court on Tuesday made an important comment on the dispute between the Tamil Nadu gove

Grammy Awards 2024: Zakir Hussain created history, and won 3 awards together, Shankar Mahadevan also became a Grammy winner

The Grammy Awards hold the highest status in the world of music. This year the event is being hel

Congress vs Congress: 'Shashi Tharoor has become the super spokesperson of BJP', Udit Raj attacks the party MP

Everything is not going well in the Congress party. This was indicated on Wednesday when Congress

IMF to Pakistan bluntly: Managing Director said – Learn to behave like a country, take money from us and give benefits to the rich

The International Monetary Fund (IMF) has advised Pakistan to improve instead of issuing a new tr

Imran Khan Arrest: PTI will go to Supreme Court today against Imran's arrest, America-UN said a big thing

There has been a ruckus in Pakistan after the arrest of Imran Khan. Imran's supporters are protes

Corona threat in the world: Chinese people forget the danger of infection on New Year, crowds gathered everywhere to celebrate

Today the whole world is celebrating the new year. On this occasion, even in Corona-afflicted Chi

DU Admission: The second list of admissions was released late at night, students will be able to accept seats till Tuesday evening

Delhi University (DU) released the second allotment list for undergraduate admissions at 10 pm on

Trishala Dutt: Sanjay Dutt's daughter Trishala changed her body, and posted a picture showing stretch marks

Actor Sanjay Dutt, one of the veteran actors of the Bollywood industry, is in discussions these d