The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. Who should opt for ‘Pay As You Drive’ insurance? ET Wealth Online explains
You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
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