Mumbai: Zuno General Insurance has introduced a new automobile coverage option where the premium is based on the quality of driving . A mobile app will capture telematics data, such as acceleration and braking to determine the quality of driving. TNN We also published the following articles recently New motor cover: 'Your braking and acceleration habits will decide your car premium' Zuno General Insurance launched a new auto coverage where premiums are based on driving quality.
Using a mobile app to collect telematics data, drivers can receive a Zuno Driving Quotient and earn rewards for safe driving. This marks India's first usage-based insurance personalized by driving behavior, aiming to offer better rates to good drivers. Insurance premium GST is like tax on life's uncertainties: Nitin Gadkari Union road transport and highways minister Nitin Gadkari requested finance minister Nirmala Sitharaman to consider eliminating GST on life and health insurance premiums, a demand supported by the Nagpur Divisional Life Insurance Corporation Employees Union.
The suggested removal aims to alleviate the financial burden on consumers, especially senior citizens, but it is unlikely to be approved despite generating interest. Shriram General Insurance to reenter crop insurance segment Shriram General Insurance Company (SGIC) reentered the crop insurance market after seven years, driven by state governments' stop-loss policies. Additionally, SGIC saw a 31% increase in gross written premium.