'Pay-as-you-drive' regulations demonstrate an evolving insurance industry
In many nations, insurance premiums for owner-drivers of red-colored cars—particularly those with high speeds
—tend to be more expensive since they signal a risk-taking mindset.
The history of speeding fines and other traffic law offences also contributes
to the creation of the profile used to calculate insurance rates.
The idea is that a responsible owner-driver should actually pay less for insurance than reckless or habitual offenders.
Motor insurance in India is undergoing a considerable transition as a result of the most recent Irdai laws.
In this year,Hyundai launches 4 SUV Model in India
In this year,Hyundai launches 4 SUV Model in India
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