IRDA Raised Minimum Driver Insurance Cover To INR 15 Lakh

IRDA Raised Minimum Driver Insurance Cover To INR 15 Lakh

IRDA Raised Minimum Driver Insurance Cover To INR 15 Lakh
Insurance Regulatory and Development Authority raised the minimum insurance cover for owner-driver to Rs. 15 lakh for a premium of Rs. 750 per annum, a move to provide some succour to road accident victims.

Currently, the capital sum insured (CSI) under this section for motorized two-wheelers and private cars/commercial vehicles is Rs. 1 lakh and Rs. 2 lakh, respectively.

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