Expert
28-08-2014, 06:26 PM
Yes, you read it correct. IRDA allows three-year insurance for 2-wheelers. IRDA has made this possible by allowing general insurance companies to offer third party insurance for two-wheelers for a term of up to three years instead of one
year.
How much Premium you have to pay?
Isurers can charge three times the annual third party premium for two-wheelers as prescribed by them. So if you were paying Rs 900/- for one year then now you can pay Rs 2700/- for three years.
From where I can buy this policy?
Please wait, now insurers have to file products and once approved then you can buy these.
year.
How much Premium you have to pay?
Isurers can charge three times the annual third party premium for two-wheelers as prescribed by them. So if you were paying Rs 900/- for one year then now you can pay Rs 2700/- for three years.
From where I can buy this policy?
Please wait, now insurers have to file products and once approved then you can buy these.