With auto industry struggling, non-life insurance firms seeing muted growth
You need to inform to the insurance company about any changes or modification you have done to the insured vehicle, says expert
Customers will not have to buy add-ons like invoice cover in the new regime
The enhanced depreciation is expected to motivate vehicle makers
After the latest regulatory changes, customers should compare expenses and features more diligently before purchasing motor vehicle insurance
Some of these companies have apparently quoted the regulator, Insurance Regulatory Development Authority of India (Irdai), supporting their position