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VEHICLE INSURANCE

Claim payouts enter IRDAI insurance debate

A fresh industry response says consumer value should be judged through claims as well as distribution costs.

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THE NUMBER

Industry loss ratio cited

87.3%

Bajaj General CEO Tapan Singhel cited this overall industry ratio; it is not a motor-only premium quote.

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WHAT IRDAI PROPOSES

Distribution costs under review

The 23 Sep consultation seeks changes to commissions, expenses, transparency and sales safeguards.

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WHAT CHANGES NOW

No premium rule change yet

The proposal remains open for comments, so current cover, renewals and third-party obligations continue under…

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What car owners should check

See how to read a renewal quote and follow the regulator’s next steps.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: IRDAI motor insurance debate: 87.3% claim ratio, no premium change yet