General insurers are waiting for broad guidelines either from the government or the regulator on how to implement the Supreme Court order on linking renewal of motor insurance policies with pollution certificate. "We are waiting for guidelines which may come either from the government or the Irdai on linking of motor insurance renewal with PUC certificate," Sanjay Data, chief for claims and underwriting at ICICI Lombard General Insurance, told reporters today. He was speaking on the sidelines of launch of 'Insta Spect', a live video inspection feature under which motor insurance claims up to Rs 15,000 can be settled immediately. On the IPO, he said they are awaiting approval from the capital market regulator Sebi. He said the company is looking at keeping the motor insurance portfolio in the range of 40-45 per cent by the fiscal end too.

Source: dna August 17, 2017 13:52 UTC