Family & Group Accident Cover by Shriram General Insurance

Increasing Use of Refurbished and Aftermarket Parts in Rural India

Posted on 2026-01-27 12:21:05

Rural sales account for nearly 40% of overall Indian automotive sales. If you explore the replacement car market share, it has increased to 55% and is expected to grow to 70% in the coming years. Out of this, a significant share is occupied by aftermarket and refurbished car parts. The growth of refurbished and aftermarket car parts in rural India isn’t random. It’s driven by affordability and greater accessibility. If you visit any rural area, you’ll witness that refurbished and aftermarket car parts have become the go-to choice for mechanics, car owners, etc., over OEM parts. In this blog, we’ve shared what contributed to this demand and popularity. You can also find the key benefits, challenges, and market trends related to these parts.

Personalised Covers Based on Vehicle Tech Features

Posted on 2026-01-23 07:07:52

Traditional insurance used to charge similar premiums on vehicles of the same model, age, and brand, even if they were not used equally. This approach was unfair to car owners who barely used their cars. Thankfully, it is changing as insurers are rapidly adopting vehicle technology in the insurance segment. Today, most modern vehicles feature advanced vehicle technology, such as telematics, built-in safety sensors, and connectivity systems. Insurers use these tech features to get real-time vehicle data, including driving speed, braking patterns, mileage, and more. It gives a granular understanding of how a car is used, how it performs, and how safely it’s driven. Insurance companies can use this data to create individualised risk profiles, enabling them to provide personalised car insurance coverage. If you’re new to it, you must read the full blog for a clearer understanding.

Usage-Based Insurance and Pay-As-You-Drive (PAYD) Models

Posted on 2026-01-22 10:42:11

Many Indian car owners today find themselves paying full insurance premiums even when their cars spend most days parked in a parking lot. You’ll mostly see it with individuals who have suddenly shifted from on-site to work-from-home routines. It can also apply to you if you have only short city commutes or own a second vehicle which is used occasionally. This disproportionate premium has created a disconnection between how much you drive and what you should have ideally paid for insurance. Hence, insurers have started providing usage-based insurance where your premiums are calculated based on how much you drive and your precise driving behaviours. This new approach is more transparent and fair, which is why it’s growing in popularity across the country. If you’re new to usage-based car insurance, this blog will give you all the information you need to understand this insurance approach fully.