CashNews.co
A proposal has been sent to Finance Minister Nirmala Sitharaman to link insurance premiums of vehicles to the number of traffic violations recorded against the vehicles.
Delhi lieutenant-governor Mr VK Saxena, who made the proposal in a letter, asked Ms Sitharaman to consider his proposal for a tiered insurance premium system that directly reflects the driving behaviour of drivers, reported NDTV.
Vehicles with a history of violations, including speeding, reckless driving, or other traffic offences would be required to pay higher premiums. This would foster a culture of responsible motoring on Indian roads, Mr Saxena said.
The letter mentioned recent data from the Road Transport and Highways Ministry that found a disturbing trend of speeding and red-light jumping, which contributed significantly to fatal accidents.
To back up his suggestion, Mr Saxena highlighted Delhi’s accident statistics. According to a 2023 report of the Delhi Traffic Police, 60% of fatal road accidents involved vehicles that had previously been fined for traffic violations, primarily speeding and red-light jumping.
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