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BOCI writes to IRDAI for extension of vehicle insurance validity

Owners pay about Rs 1 lakh per year towards insurance premium for a bus, and for premium buses it might go up to Rs 2 lakh, he added.

The vehicles have been grounded since lockdown, therefore third-party damage is ruled out. Since a major part of the premium amount is paid towards third-party damage, the insurance companies should increase validity equal to the number of lockdown days, BOCI said.

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Eco package,opening up of economy post lock down have begun showing results: Survey

The Ficci-Dhruva Advisors industry survey was conducted in June 2020 and saw participation of over 100 top corporate executives (CxOs) from across sectors. 

“While the green shoots of recovery are being seen, it is important to emphasise that sustaining this improvement in the operational parameters of businesses will require continuous support from the government.

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