Supreme Court rulings may deepen motor insurers' underwriting woes

When you buy a new car or motorbike in India, you also have to buy insurance.

Insurance is money that helps pay for damage when there is an accident.

The Supreme Court, the highest court in India, made two new decisions about this insurance.

First, it said car insurance must last for four years instead of three, and motorbike insurance for six years instead of five.

Second, it said insurance companies should pay more money to families when a homemaker dies, because their work at home has real value.

Insurance companies say these changes will cost them a lot of money.

They say the government has not let them charge higher prices for four years.

They also say many trucks and tractors do not have insurance, so the new rules do not fix the real problem.

Some people think the rules are good because they protect families, but insurers are worried about losing money.