Report of the Working Group (WG) to examine and recommend linking of motor insurance premium with traffic violations

Last updated: 19 January 2021

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The Insurance Regulatory and Development Authority of India (IRDAI) has released a report from a Working Group that examined linking motor insurance premiums with traffic violations. The Authority is now seeking feedback from all stakeholders on the recommendations made in this report. Interested parties are invited to submit their comments by 1st February 2021.

INSURANCE REGULATRY AND DEVELOPMENT AUTHORITY OF INDIA

Ref. No.-

Date : 18-01-2021

Exposure Draft

Re: Report of the Working Group (WG) to examine and recommend linking of motor insurance premium with traffic violations.

A Working Group was set up by the Authority vide order Ref: IRDAI/NL/ORD/MISC/153/09/2019 dated 6th September, 2019 to examine and recommend linking of motor insurance premium with traffic violations.

The Working Group has submitted its report and addendum in which it has made various recommendations.

We now place the report and addendum to the report of the Working Group and seek the valuable inputs of all stakeholders on the recommendations made in the report. Please give your feedback in the attached format on or before 1st February, 2021 to nl-products@irdai.gov.in with a copy marked to sagar.bangal@irdai.gov.in.

(Yegnapriya Bharath)

Chief General Manager (Non-Life)

Format

Name: Organisation:
Sl. No	Page no/ Para No:	Comment	Reason

FAQ :

The report is about linking motor insurance premiums with traffic violations.

The Working Group was set up by the Insurance Regulatory and Development Authority of India (IRDAI).

The Working Group was formed on 6th September 2019.

IRDAI is seeking valuable inputs and feedback from all stakeholders on the recommendations made in the report.

The deadline for submitting feedback is 1st February 2021.

Feedback should be submitted in the attached format to nl-products@irdai.gov.in with a copy marked to sagar.bangal@irdai.gov.in.

Notification No : IRDAI 18-01-2021
Source : https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4344

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