Implementing Automotive Telematics for Insurance – IRDAI

Automotive Telematics for Insurance   For: Preliminary & Mains Topics covered: What is Telematic Insurance? About IRDAI   News Flash The working group set up by the Insurance Regulatory and Development Authority (IRDAI) has proposed the implementation of telematics in motor insurance to enable insurers to offer relevant risk mitigation solutions to customers. The panel has recommended ‘Named Driver Policy’ as an option for private car and two-wheeler policies. A ‘named driver policy’ as an…

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