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VEHICLE INSURANCE

IRDAI proposes digital buying route

New-vehicle buyers could be shown a digital motor-insurance option at the dealership.

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WHAT CHANGES

QR option at the dealership

A proposed Market Infrastructure Institution route such as Bima Sugam could sit beside the dealer channel.

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REPAIR PROTECTION

Cashless repair cannot hinge on seller

The proposal would stop dealer-linked repair access from being denied only because another channel sold the…

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THE COMMISSION

Third-party payout may be zero

0%

IRDAI has proposed zero commission for distribution entities on new-vehicle third-party cover.

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Proposal is not final yet

The consultation must be completed before any new QR, commission or repair rule can take effect.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: IRDAI proposes digital motor insurance option for new-car buyers