You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?

The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. ​Who should opt for ‘Pay As You Drive’ insurance? ET Wealth Online explains