IRDAI Withdraws Long-Term Covers For New Cars, Two-Wheelers
Laborers work on an elevated track under construction as traffic moves below in the area of Guindy in Chennai, Tamil Nadu, India. (Photographer: Sanjit Das/Bloomberg)  

IRDAI Withdraws Long-Term Covers For New Cars, Two-Wheelers

The insurance regulator has withdrawn multi-year plans covering own damage for new vehicles citing potential mis-selling and concerns over affordability.From Aug. 1, insurers can’t sell policies th...
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