 "Motor Insurance")
If third party (TP) motor rate is not hiked, it will become a survival issue for companies, and thus, there is need for a relook, said Girija Subramanian, chairman and managing director (CMD) of New India Assurance Company, during an analyst call after the earnings were out this week.
“As far as (motor) TP is concerned, it is a mandated business. So, we have no control over it. We will have to continue doing the TP business. We cannot have a strategy around it. The only thing we can do to reduce the overall impact is to align our own
