In a boost to general insurance companies, the Supreme Court has mandated that they must offer third-party motor insurance for a longer duration as against one year at present.

The latest rules mandate a three-year cover for cars and a five-year cover for motorbikes and are valid for automobiles sold after September 1, 2018. These changes result in a higher premium for customers, but also raises some questions on implementation of the scheme.

CNBC-TV18's Uttkarsh Chaturvedi and Priya Sheth spoke to customers and insurance companies to gauge their response to the policy change.

First Published:Sept 3, 2018 7:21 PM IST