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EV Fire Risk May Lead to Higher Premiums – Rakesh Jain

Published By: Business Today ​

Published Date: 04-04-2022

Four cases of EV battery fires reported from Ola Electric, Pure EV, and Okinawa have raised concerns about EV safety. This incident is expected to change motor insurance policy underwriting, which can lead to higher premium rates.

Adarsh Agarwal, Chief Distribution Officer of Corporate Business at Digit Insurance, says these events may not trigger immediate actions and provides insights on when a revision in premium rates can be expected.

Read​ more​

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