Car Insurance: Mandatory 3-year and 5-year Third-party Cover for Cars and two-wheelers?
The Supreme Court’s (SC) committee on road safety has asked IRDAI to offer mandatory three-year third-party (TP) insurance policy for cars and five-year policy for motorbikes at the time of sale and registration. It is due to concerns over poor compliance of obtaining mandatory TP cover that can result in accident victims ending up getting no financial aid. 
 
IRDAI had allowed...
Premium Content
SINGLE ARTICLE
You can buy this article individually, which will give you access only to this article.
Pay Per Article Gift An Article
SUBSCRIPTIONS
Your annual or monthly subscription will give you access to articles, published within your subscription period, not archives or future articles.
Yearly Digital Access Monthly Digital Access
Already a subscriber ? Log in
Free Helpline
Legal Credit
Feedback