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      Question

      Which insurance company has launched a pay as you drive

      policy which offers a comprehensive motor insurance policy that charges a premium based on the usage of the vehicle?
      A New India Assurance Correct Answer Incorrect Answer
      B Bajaj Allianz Life Insurance Company Correct Answer Incorrect Answer
      C HDFC Life Insurance Company Correct Answer Incorrect Answer
      D ICICI Prudential Life Insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      New India Assurance (NIA) has launched a ‘Pay as You Drive’ (PAYD) policy, which offers a comprehensive motor insurance policy that charges a premium based on the usage of the vehicle. The policy has two components - third-party cover and own-damage cover.

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