How can a policyholder benifit from the new guidelines of Irdai?

On Monday, India's Insurance Regulatory and Development Authority (Irdai) released a draft exposure reviewing the motor-owned damage cover product structure. Of all, the main suggestions involve simplifying the measurement of depreciation and insured amounts, rationalizing and renaming the General Regulations (GRs) as Motor General Regulations (MGRs), introducing invoice recovery as part of the basic cover of new private cars and depreciat....