Third Party Insurance Policy

If you are a car owner in India, you have to have a car insurance policy. There is at least one type of car insurance that is mandatory to have, i.e., Third Party Insurance Cover. It is a must for all car owners as per The Motor Vehicle Act.

Road transport ministry has proposed a hike in the third-party motor insurance premium for various categories of vehicles

Planning to buy a new vehicle? Register it after August 1, 2020, with the on-road prices on cars and two-wheelers set to reduce, as IRDAI reverses its decision for mandatory long-term motor vehicle insurance packages.

In a bid to give relief to its citizens, the Ministry of Finance has decided to extend the renewal date of the third party Motor insurance policy, which falls from March 25 to April 14. The Government extended the deadline till April 21, 2020. Apart from the motor insurance policy, the Finance Ministry also extended the renewal dates for the Health...

The support will have a multiplier effect as increase in premium would have resulted into thrice the increase as buyers are now required to pay a onetime premium for three years.

Buying a car or two-wheeler is set to become expensive from September 1, 2018 as long-term third party insurance policy has been made mandatory by the IRDAI following a Supreme Court order.

Buying a car or two-wheeler is set to become expensive from tomorrow, as long-term third party insurance policy has been made mandatory by the Insurance Regulatory and Development Authority (IRDAI) following a Supreme Court order.

The Insurance Regulatory and Development Authority of India (Irdai) has issued a circular in this regard.

You may not be soon required to carry your motor insurance policy documents every time you take out the car. The Insurance Regulatory Authority of India has launched a digital motor insurance initiative known as e-Vahan Bima, which has already been implemented by the Telangana state government and other states are expected to follow suit.

However, the policy has to be renewed every year in case of own-damage cover. Own-damage cover the risk pertaining to damage of vehicle due to accident.

If you are a car owner in India, you have to have a car insurance policy. There is at least one type of car insurance that is mandatory to have, i.e., Third Party Insurance Cover. It is a must for all car owners as per The Motor Vehicle Act.

Road transport ministry has proposed a hike in the third-party motor insurance premium for various categories of vehicles

Planning to buy a new vehicle? Register it after August 1, 2020, with the on-road prices on cars and two-wheelers set to reduce, as IRDAI reverses its decision for mandatory long-term motor vehicle insurance packages.

In a bid to give relief to its citizens, the Ministry of Finance has decided to extend the renewal date of the third party Motor insurance policy, which falls from March 25 to April 14. The Government extended the deadline till April 21, 2020. Apart from the motor insurance policy, the Finance Ministry also extended the renewal dates for the Health...

The support will have a multiplier effect as increase in premium would have resulted into thrice the increase as buyers are now required to pay a onetime premium for three years.

Buying a car or two-wheeler is set to become expensive from September 1, 2018 as long-term third party insurance policy has been made mandatory by the IRDAI following a Supreme Court order.

Buying a car or two-wheeler is set to become expensive from tomorrow, as long-term third party insurance policy has been made mandatory by the Insurance Regulatory and Development Authority (IRDAI) following a Supreme Court order.

The Insurance Regulatory and Development Authority of India (Irdai) has issued a circular in this regard.

You may not be soon required to carry your motor insurance policy documents every time you take out the car. The Insurance Regulatory Authority of India has launched a digital motor insurance initiative known as e-Vahan Bima, which has already been implemented by the Telangana state government and other states are expected to follow suit.

However, the policy has to be renewed every year in case of own-damage cover. Own-damage cover the risk pertaining to damage of vehicle due to accident.