Pay as you drive should be applicable to 3rd party insurance as well

Chennai, July 8 With the Indian insurance regulator allowing non-life insurers to offer innovative covers like 'pay as you drive, pay how you drive', the question that pops up is should that not be extended to the third party insurance as well.

When asked by , industry officials kept a stoic silence as the companies are raking in money from the motor insurance portfolio.

At a time when the industry is lobbying for more regulatory relaxations, barring one or two CEOs, others are mum, when it comes to policyholder friendly moves like scrapping of administrative pricing for motor third party premium.

As a matter of fact, at their recent meeting with Debasish Panda, Chairman, Insurance Regulatory and Development Authority of India

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