Motor insurance: agents flag repair-cost pressure as IRDAI comments due 31 Oct
Insurance agents say higher motor-repair bills are adding to claim costs as IRDAI reviews distribution rules. The feedback…
Read: Motor insurance: agents flag repair-cost pressure as IRDAI comments due 31 Oct →
In this short
- MOTOR INSURANCE Repair costs enter premium debate Agents say higher workshop bills may add to claim costs, but no premium hike is confirmed.
- WHAT AGENTS SAY Claims costs remain under scrutiny 84%–87% CGIAAI cited this incurred-claims ratio in its representation, a stakeholder claim rather than a regulator…
- POLICY STATUS IRDAI proposal is not final 31 OCT Feedback on the insurance-distribution consultation remains open until 31 Oct 2026.
- CHECK AT RENEWAL Ask for itemised repair bills Compare the estimate, cover, deductibles and claim documents before agreeing to repairs.
- READ THE FULL STORY What changes for car owners? See what is confirmed, what is only proposed and what to check at renewal or claim time.
- READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.
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