INSUBCONTINENT EXCLUSIVE:
Irdai was directed to implement the decision on policies sold from September 1, 2018.Buying a car or two-wheeler is set to become expensive
third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000 cc, Rs 9,534 (1,000 - 1,500 cc) and Rs 24,305 for
order, it is mandatory for all general insurance companies to issue a three-year third party insurance cover for new cars and five-year
said that after the introduction of long-term Motor TP arty Insurance, an insured should be given two options -- Long-term package cover
offering both Motor TP insurance and own Damage insurance for three years or five years as the case may be or a bundled cover with a 3/5
year term for the TP component and a one-year term for the own damage.(Except for the headline, this story has not been edited by
TheIndianSubcontinent staff and is published from a syndicated feed.)
