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IRDAI has operationalized a new four-layer motor insurance framework that takes effect on December 15, 2026. This structure separates mandatory third-party liability and personal accident cover from optional components for vehicle owners. Insurers must provide a Customer Information Sheet and obtain an option form for every policy issued. Additionally, policyholders can add liability cover for occupants during the policy period by paying an extra premium.
Stock market recommendations: Godrej Properties, Bajaj Auto, and Tata Power - Mehul Kothari, DVP of Technical Research at Anand Rathi Shares has picked these as the top stocks to buy today on November 3, 2026.
Indian equities are already contending with a range of domestic market pressures. Uncertainty surrounding Donald Trump's tariff decisions, higher crude oil prices and bond yields, along with sustained foreign institutional investor (FII) selling, has pushed the Sensex and Nifty down. In this environment, investors are watching the US midterm elections for clues about their possible impact on global financial markets.