Abstract

The case discusses the proposed changes in the tariff structure for motor vehicle insurance in India. It examines the role of the Insurance Regulatory and Development Authority (IRDA) with regard to the rationalization of the tariff structure for motor vehicle insurance and the recommendations made by the Ansari Committee. The case also examines some underwriting factors like safety equipment and territory of operation and their impact on the tariff rate of motor vehicle insurance.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Understand the underwriting factors that can affect the tariff rate of motor vehicles insurance. Discuss the proposed modifications in the tariff structure for motor vehicles insurance.

Keywords

Changes, tariff structure, motor vehicle insurance, India, Insurance Regulatory and Development Authority, IRDA, rationalization, tariff structure, motor vehicle, insurance, Ansari Committee, underwriting factors, safety equipment, territory of operation