India's Motor Insurance Market Evolves with New Coverage Options for Commercial Vehicles

India's motor insurance market is evolving amid rising vehicle ownership and mobility demands. While over 40 crore vehicles are registered, only half are insured, with challenges including inconsistent claims experiences, variable pricing, and systemic inefficiencies affecting consumers. In response, insurers like Bajaj General Insurance have introduced products such as Eco Assure, an add-on for commercial vehicles offering cost-efficient repair coverage, depreciation waivers, and broader protection to address rising maintenance costs and operational disruptions.