Linking Insurance Premiums With Multiple Traffic Violations: Good Or Bad Idea?
Delhi Lieutenant Governor VK Saxena has written to the Union Finance Minister Nirmala Sitharaman, asking her to link insurance premiums of vehicles to the number of traffic violations recorded against the vehicles.
He asked Ms Sitharaman to consider his proposal for a tiered insurance premium system that directly reflects the driving behaviour of drivers. Vehicles with a history of violations, including speeding, reckless driving, or other traffic offences would be required to pay higher premiums.
