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Automotive dealers may act as sub-brokers, distribution channels for motor insurance: IRDAI Committee

The Committee for Review in its submission noted the motor insurance business sourced by MISPs through brokers and insurers put together constitutes around 25% of the total motor insurance business or around 11.25% of the overall general insurance business.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Misp Guidelines

Automotive dealers may act as sub-brokers, distribution channels for motor insurance: IRDAI Committee