Longer third-party cover, upfront costs: are compliant customers paying the price?
· livemint.com
For a new vehicle buyer, the immediate impact of the order to extend the upfront tenure of mandatory third-party motor insurance could be a higher upfront payment. Consumer choice could also be affected.
“With this mandatory extension, you are giving too much power to one set of distribution channel,” said Saurabh Vijayvergia, founder & CEO, CoverSure. “Ev...