Earlier, the Irdai had asked insurers to withdraw products by November 30 and to come up with the revised products from December 1.
Two-wheelers and private cars have a higher proportion of own damage in the motor premium.
The new depreciation table is suggested for up to 15 years.
The 34 insurers' gross premium collection stood at Rs 13,657.51 crore in the same month a year ago.
Panel to suggest how to link offences with premiums.
The state-owned Oriental Insurance Company (OIC) has received 400 claims from Kerala alone, worth around Rs 40 crore.
Irdai issued advisory to general insurance and health insurance companies to expedite settlement of claims for the two states.
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