The Insurance Regulatory and Development Authority of India has allowed insurance companies to offer new add-on features to the own damage (OD) component of motor insurance policies. These are ‘Pay as you drive’ (PAYD) and ‘Pay how you drive’ (PHYD). It has also approved the launch of a floater motor policy.
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First Published: Mon, July 11 2022. 18:56 IST !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’550264998751686′);fbq(‘track’,’PageView’); .
