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Small players point to problems in multi-year motor insurance policy

Some of these companies have apparently quoted the regulator, Insurance Regulatory Development Authority of India (Irdai), supporting their position

motor insurance policy
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Subhomoy Bhattacharjee New Delhi
Smaller players in the motor insurance business have rushed to bring out in the open key differences within the industry about moving to multi-year policies, which they fear could hurt their bottom lines. Ahead of the deadline to introduce multi-year insurance policies from Saturday, the differences could cripple the most profitable segment of the general insurance industry.
Some of these companies have apparently quoted the regulator, Insurance Regulatory Development Authority of India (Irdai), supporting their position. The aggressive postures have made it difficult for the industry association, General Insurance Council, to offer a common position on the issue before the Supreme

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First Published: Aug 31 2018 | 5:30 AM IST

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