Motor insurance rule change: No arbitrary claim rejection, quicker claim settlement, Pay As You Driv

Motor Insurance New Rules: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular clarifying important changes for motor insurance policyholders. The regulator has proposed implementation of strict timelines for claim settlements. It is a crucial step towards improving efficiency and customer satisfaction. Another key change is the introduction of a customer information sheet (CIS) for auto insurance policies to enhance customer awareness.

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