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IRDAI hikes insurance cover for owner-driver to Rs.15 lakh

Saturday, September 22, 2018, 7:22 AM

The compulsory personal accident cover for owner-driven vehicles under motor insurance policies has been increased from Rs 2 lakh to Rs 15 lakh. The insurance regulator, taking note of the Madras high court's direction to it, has issued a circular on September 20 asking insurers to start issuing such covers effective from the date of receipt of this circular.

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