Understanding your motor coverage

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The story "Understanding your motor coverage" has 841 words across 44 sentences, which will take approximately 4 - 8 minutes for the average person to read.

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The story "Understanding your motor coverage" was covered 3 days ago by Business Standard, a news publisher based in India.

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Understanding your motor coverage - Business Standard

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.

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