“After a careful examination of long term covers…and concerns relating to its implementation coming to light the Authority has decided to withdraw the Long Term Package covers offered for three and five years for new cars and two-wheelers respectively with effect from August 1 2020,” IRDAI said in a circular addressed to general insurers.source https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-scraps-all-packaged-long-term-motor-covers-citing-mis-selling-and-pricing-challenges/articleshow/76287791.cms
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