As per motor vehicles act, 1988, motor insurance is mandatory. Cars are not just expensive to.
, Policyholders must have at least ‘third party. Moreover, according to the motor vehicle act, 1998 bike.
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Moreover, according to the motor vehicle act, 1998 bike. Ltd, it was held that insurance policy is mandatory for every vehicle in india under the motor vehicle act, 1988. 25 jun 2019, 09:15 pm ist disha sanghvi. Types of motor insurance in india.
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![PUC Certificates made Mandatory for Motor Insurance RENEWAL [Update]](https://i2.wp.com/gomechanic.in/blog/wp-content/uploads/2020/08/Pollution-certificate.jpg?resize=696%2C475&ssl=1 "PUC Certificates made Mandatory for Motor Insurance RENEWAL [Update]")
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A motor insurance policy provides financial protection against physical damage or losses sustained due to unforeseen events like road accidents or natural calamities. Taking third party liability (tpl) car insurance coverage is mandatory in india. It must be availed by law. Withdrawal of longterm motor insurance cover How will it impact you.
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Check This Article To Know More.
Third party liability insurance is mandatory for all motor vehicles in india. The indian insurance regulator, the insurance regulatory and development authority of india (irdai) has recently brought about changes in the regulations governing. Why is car insurance mandatory in india? In india motor insurance is mandatory.
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