Third-party motor insurance refusal rates have seen a big drop, with the regulator cracking the whip on insurers refusing to provide such covers.
Insurers have also been asked to sell motor TP products online.
All general insurance companies are now selling these policies through their website. Senior executives said the regulator insisted on this, for ease of purchase.
Read more about IRDAI enables ‘zero-refusal’ of motor third party insurance on Business Standard