New motor insurance norms clarify mandatory and optional covers
In short
New motor insurance norms clarify which covers are mandatory and which protections are optional.
The Business Standard Finance summary says people should check the risks before dropping an optional cover. It is meant to help policyholders understand the new setup.
What the reporting says
New motor insurance norms clarify mandatory covers and optional protections, according to a Business Standard Finance summary. The publisher says the update is meant to help policyholders understand which covers must be kept and how dropping an optional protection may affect risk.
Why it matters
New motor insurance norms clarify which covers are mandatory and which protections are optional, based on a Business Standard Finance summary. The brief points policyholders toward the risk of removing optional protection when reviewing their policies.