Indian car owners are moving from motor insurance to usage‑based and modular add‑on policies, driven by digital adoption and rising vehicle numbers.
Usage‑based insurance can reduce premiums by up to 30% for low‑mileage or safe drivers, especially among younger urban commuters.
The motor insurance market valued at $30.7 bn in 2025 is projected to reach $88.8 bn by 2034, with repair costs up 15‑20%.
Royal Sundaram expands add‑on offerings such as engine, tyre, return‑to‑invoice, consumables, and roadside assistance to match regional risks.