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Thread: Now you can buy three-year insurance for your 2-wheelers

  1. #1
    Moderator Expert's Avatar
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    Exclamation Now you can buy three-year insurance for your 2-wheelers

    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.

    * SAFE
    Self Appointed Financial Expert


  2. #2
    Moderator Matrix's Avatar
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    Do we have simmilar insurance products for Four Wheelers?

  3. #3
    PW Stalwart Manish_Kumar's Avatar
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    Default

    Quote Originally Posted by Matrix View Post
    Do we have simmilar insurance products for Four Wheelers?
    You need to wait for four wheelers. IRDA is running a pilot for two wheelers, once it's good to go then you see same is coming for four wheelers.
    Everyone has a scheme of getting rich.. Which never works.


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