mangalore today
name
name
name
Wednesday, November 21
Boscossnamename

 

Why cars and bikes will be costlier from Sept 1?

Why cars and bikes will be costlier from Sept 1?


Mangalore Today News Network

New Delhi,  Aug 31,  2018 : The cost of buying a new car is expected to increase by Rs 24,000 for a new car and Rs 13,000 in case of a new bike from September 1 due to mandatory third party insurance, as per the Supreme Court order.

 

car bke 31 aug 18


As per the IRDAI (Insurance Regulatory Development Authority of India) circular, all general insurers have been asked to abide by the changes in third party insurance in accordance with the Supreme Court orders. Insurance companies will facilitate covers for 3-5 years, which can also be offered bundled with third party insurance and own damage insurance.

Third party insurance is a kind of liability insurance where an insurance company helps you protect yourself from the claims of a third party arising due to a damage caused by you to the their property.


courtesy:Yahoo


Write Comment | E-Mail | Facebook | Twitter | Print
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
You have characters left.
Security Validation
Enter the characters in the image above