Delhi Governor Proposes Higher Premium for Traffic Violators

Delhi Lieutenant Governor VK Saxena wrote to Union Finance Minister Nirmala Sitharaman proposing higher insurance premiums for vehicles with a history of traffic violations. This financial deterrent aims to encourage better driving behavior and reduce accidents. Saxena suggests engaging IRDAI to establish a framework for this system.

Delhi Lieutenant Governor VK Saxena has formally approached Union Finance Minister Nirmala Sitharaman, proposing a rigorous road safety initiative. The plan entails higher insurance premiums for vehicles frequently caught violating traffic norms.

Saxena emphasized that vehicles penalized for offences like over-speeding and red-light jumping should incur higher insurance costs. In a detailed letter, he highlighted the correlation between repeat traffic violations and increased accident risks.

Saxena cited Delhi Traffic Police data showing that 60% of fatal accidents involve vehicles previously fined, primarily for speeding and red-light violations. Involving the Insurance Regulatory and Development Authority of India (IRDAI) to set up this framework is deemed essential for its implementation.

(With inputs from agencies.)