VEHICLE INSURANCE
A fresh industry response says consumer value should be judged through claims as well as distribution costs.
THE NUMBER
Bajaj General CEO Tapan Singhel cited this overall industry ratio; it is not a motor-only premium quote.
WHAT IRDAI PROPOSES
The 23 Sep consultation seeks changes to commissions, expenses, transparency and sales safeguards.
WHAT CHANGES NOW
The proposal remains open for comments, so current cover, renewals and third-party obligations continue under…
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See how to read a renewal quote and follow the regulator’s next steps.
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Sources, numbers and what to watch next.
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