Ask state govts to provide mandatory cover for uninsured vehicles: Irdai

With almost 57 per cent of the vehicles plying on Indian roads uninsured, insurance regulator IRDAI has asked the general insurers to talk to transport authorities of 28 states and eight union territories to provide mandatory covers for the uninsured vehicles.

The Insurance Information Bureau of India (IIB), set up by the IRDAI, has reported that uninsured vehicles still remain, an area of grave concern in India with 57 per cent vehicles on road being uninsured with 17 states reporting more than 50 per cent uninsured vehicles.

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