No driving a vehicle without insurance
| Jakub Krechowicz/shutterstock.com
Enforcing this will help reduce the premium
The Insurance Regulatory and Development Authority (IRDA) has proposed an almost 50 per cent hike in almost all categories of third party insurance policies effective from April 1, 2017.‘Insurance is not bought but only sold’ holds good in India for all types of insurance, including mandatory motor third-party insurance coverage.It is called a third-party cover because the beneficiary of the polic...
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