New car insurance scheme: Now pay premium as you drive, How you drive- Know how it works

IRDAI has introduced two new concepts for general insurance companies. Soon insurance companies will offer vehicle owners an analytics-based insurance. 2 new concepts called “Pay as you drive” and “Pay how you drive” will track vehicle driving details, and premium amount for owners will be decided.

Updated on: July 07, 2022, 10.00 PM IST
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