If you have a bike or a car, then it is necessary for you to get the vehicle insured. If your vehicle is insured, then you do not have to bear the cost of the vehicle or medical treatment in case of a vehicle accident. Under the new Motor Vehicle Act, it has now been made mandatory for everyone to insure their vehicle.
If you have a bike or a car, then it is necessary for you to get the vehicle insured. If your vehicle is insured, then you do not have to bear the cost of the vehicle or medical treatment in case of a vehicle accident. Under the new Motor Vehicle Act, it has now been made mandatory for everyone to insure their vehicle. If you are caught driving on the road without insurance, then you can be fined two thousand rupees or three years in jail.
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Here are the rules of vehicle insurance
There are different motor insurance rules for all vehicles. There are different rules regarding insurance for two wheelers, while there are different rules for four wheelers. Talking about insurance, the first is third party insurance. Under this, insurance covers third-party liabilities. Under this, every damage caused by your vehicle to a third party or its property is covered under insurance.
On the other hand, if we talk about Comprehensive Motor Insurance, then the insurance benefit is given on the death or disability of the driver, owner and passengers due to accident.
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These are the benefits of taking car insurance
Compensation is given to you on damages caused by accidents, riots, theft, terrorism, natural calamities like floods, hurricanes, earthquakes and man-made calamities like explosions etc. On the other hand, if you take third party insurance cover, then accidental death, injury to third party is also covered. On the other hand, if you have an accident, the insurance company bears all the expenses for your treatment.
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How can you get insurance for your motor vehicle?
If you want to take insurance for your vehicle, then you need to have a passport size photograph, driving license, PAN card, proof of residence and a copy of the RC of the vehicle.
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