Chennai, Sep 2 Legal and insurance industry experts are of the view that the recent Madras High Court order - now kept in abeyance - making it compulsory for all new car owners to have bumper-to-bumper insurance policy is not only 'anti-competitive', but will also have far-reaching implications for the players, feel experts in the field.
While the order is most favourable for the general insurers, as they get lump-sum upfront, there are differing voices within the industry as the order makes the field uneven.
It will be interesting to note how the General Insurance Council
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