SC ruling may widen motor insurance cover for vehicle occupants, pillion riders
· economictimes.indiatimes.com
Motor insurance policyholders will receive broader occupant protection following a Supreme Court ruling. The court directed the insurance regulator to standardize policy wording for occupant and pillion rider covers. This move aims to bring greater clarity on passenger protection in accident claims. Insurers are assessing the impact of this ruling on motor claims costs. Separately, mandatory third-party insurance enforcement for new vehicles is being explored.
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