Bumper To Bumper Insurance: On the purchase of a new vehicle, the price of vehicles was increasing from ₹ 50,000 to ₹ 200000, which was opposed by the auto companies after taking the necessary bumper to bumper insurance for 5 years. Know now what the Madras High Court said.
Bumper To Bumper Insurance: There is relief news for those buying a new vehicle. Now such customers will not have a huge burden of insurance. Actually, now 5 years bumper-to-bumper insurance will not be necessary on the new vehicle. The Madras High Court said that 5 years of bumper to bumper insurance will not be necessary for buying a new vehicle. Considering the arguments of the Association of General Insurance Companies, Auto Companies, Association of Insurance Agents, the Madras High Court will make changes within its order of 4 August and remove the condition of simultaneous insurance for 5 years.
Madras High Court said this on 5 years bumper-to-bumper insurance:
During today’s hearing, the court clearly said that their purpose is only the safety of the passenger. The court, in its observation, said that the suggestions of the court would be incorporated in the old order and the necessary rules would be left to the law-making parliament. That is, now the order for bumper to bumper insurance has ended.
