Get rid of the hassle of car-bike insurance every year

Get rid of the hassle of car-bike insurance every year

Starting September 1, 2018, purchasing a car will require 2 years of third party insurance. It will be necessary to buy a 5 year third party motor insurance with the bike. The Supreme Court has ordered that the rule be implemented from September 1, 2018. The court has asked the Insurance Regulatory and Development Authority to issue directions in this regard. Until now only insurance for two wheelers was available in the market for more than one year.

The Supreme Court made this rule compelling by referring to the recommendations of the Court Committee on Road Safety. The Motor Vehicles Act requires that every vehicle running on the road be insured. (This information is taken from the paid website.) Each policy has 2 parts - a third-party cover and an on-date. Third party insurance is required for every vehicle in the country. It compensates any third party for the loss by vehicle. It does not cover the damage done to the Honor's vehicle.

Apart from this, the central government is going to change the motor vehicle rules soon. There is also a plan to digitize the Motor Vehicle Act under Digital India. Because of this you do not have to carry a driving license, vehicle registration certificate and insurance.

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