Bharat NCAP and its impact on car insurance. Will consumers see a lower premium?

Some automobile insurance companies provide insurance coverage to cars at lower premiums when the insured vehicle is equipped with various technology-aided safety devices, which mitigates the potential of theft or other damages. This has fuelled speculation that the cars that will score higher safety ratings under the new Bharat NCAP program may see insurance at a lower premium. Also, there are questions about how the Bharat NCAP is going to impact the car insurance industry,…