On February 15, 2022, the Ministry of Road Transport and Highways issued the latest amendments to the Central Motor Vehicles Act Rules, 1989. These amendments aim to enhance safety measures for road transport. They are effective from 1st April 2022. What are the amendments to the Motor Act? There have been 2 recent amendments to […]
Motor Insurance
Two-wheeler insurance – Best bike insurance online
According to a report titled ‘Two-Wheeler Market in India 2019’, the Indian two-wheeler market is expected to grow at a CAGR of 7.33%. the report states that from 21.19 million units in 2019, the sale of two-wheelers is expected to reach 24.89 million by 2024. The numbers are not surprising. Two-wheelers are popular means of transport […]
Should I buy third-party car insurance or a comprehensive cover?
There are no two ways about it when it comes to car insurance. If you own a car in India, you need valid insurance coverage on it as mandated by the Motor Vehicles Act, 1988. However, the Act does not mandate a comprehensive cover. It requires you to own valid third-party insurance coverage only to drive […]
Salient Features of Vehicle Insurance & How To Buy?
Purchasing a vehicle comes with a lot of peripheral expenses. Taxes, insurance, accessories, etc. While third party insurance cover is mandatory, you should also have a vehicle insurance to avoid getting financially ripped in case of a mishap. Insurers include standard vehicle insurance and third party cover under one vehicle insurance policy, and you should […]
Pros & Cons of buying Motor Insurance Online
The positives and negatives of online motor insurance are necessary to know if you are planning to purchase an automobile insurance policy online. Buying auto insurance online is becoming a lot more popular, though it still has not finished the concept of buying insurance the traditional way. Motor insurance is a necessity, and almost everybody […]
What to look for in motor insurance?
We buy a motor insurance policy simply because it has been mandated by law. If left to our own devices, we would not consider securing our cars or bikes under a valid insurance cover, just like we ignore insuring our life or our health. But, thanks to wise lawmakers, a motor insurance policy is mandatory […]
Pros and Cons of Buying Car Insurance Online
Purchasing a car might have been your dream since your childhood. Now that you have accomplished it, it is necessary to secure your most prized possession through a Motor Insurance policy which is legally mandatory for every car owner. Given the increased reliance on the internet in today’s world, most General Insurance companies have expanded […]