Understanding your motor coverage

Quick Summary:

Thought leaders can significantly influence public perception and drive change in addressing the under-penetration of motor insurance in India.

As per the Insurance Information Bureau of India, in FY 2019-20 alone, insurance companies paid ₹19,464 crore in own-damage (OD) claims, with the average payout being ₹6,000 for two-wheelers and ₹25,633 for cars.

Through PhonePe’s user-friendly digital platform, vehicle owners can explore, compare, and purchase insurance policies with just a few clicks.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Motor Insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 19:33:58 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 841 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23517073

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 303 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions