अब कार या बाइक का बीमा कवर 15 लाख रुपए, नए नियम pm modi govt car bike insurance India news headlines
Now the insurance cover of the car or bike will be Rs. 15 lakhs of the vehicle owner-driver. According to the Insurance Regulatory IrDA (IRDA), the first vehicle insurance was very low in the vehicle owner-driver’s insurance. But by increasing the insurance cover, if the vehicle owner or driver dies in an accident, then the dependent family will be helped. This new arrangement will be more effective in terms of insurance for Two Wheeler vehicle. IRDA has instructed insurers to implement this system in all types of vehicle insurance. For this additional premium of Rs 750 will be charged. Irda has said that this system should be done in both comprehensive and third party insurance. He has given the exemption to the companies that whatever premium is made to provide such cover, then decide on its own.
When buying a car, you have to take 2 years of insurance
According to the Times of India news, as per the new system implemented from September 1, 2018, it has been compulsory to take 2-year third party insurance while registering new 4 wheelers. Similarly, for third-party insurance for two-wheelers, up to 5 years has been compulsory. The Supreme Court took this decision in view of an increase in road accidents. Because it was believed that people get insurance when they buy a new car, but many of them do not renew insurance policy.