IRDAI's committee asks to use Telematics to determine motor insurance premium: Sources
Telematics will be used to determine your motor insurance premium, soon. Sources aware to the development has informed Zee Business that a committee that was constituted to examine motor third party insurance pricing aspects has recommended that telematics should be used to determine the motor insurance premium in future.
Telematics insurance is vehicular insurance where a telematics device commonly known as a black box is fitted with the vehicle. Image source: Reuters