Motor insurers rally after Supreme Court mandates longer third-party cover for new vehicles
The Supreme Court has ordered four years of mandatory third-party cover for new cars and six years for new two-wheelers, versus three and five years previously. Go Digit gained as much as 10.48%, while New India Assurance and ICICI Lombard also rose on expectations of higher upfront premiums and better compliance.
Insurance shares rallied after the Supreme Court ordered longer mandatory third-party cover for new vehicles: four years for cars and six years for two-wheelers. The change could lift policy premiums and improve insurance compliance at vehicle purchase.
Why this matters
No related recent Go Digit signals are provided. The ruling links Go Digit's near-term market move to potentially higher upfront third-party premiums and stronger policy compliance.
Retail-company signals are accelerating, up +206229% QoQ.