May 15, 2023 - On Deck Refinance

The owner-driver of the vehicle can be the only beneficiary of Compulsory Personal Accident (CPA) cover, a separate compulsory Personal Accident policy. All vehicle owners are required by the Insurance Regulatory and Development Authority of India (IRDAI) to carry a personal accident insurance policy with a minimum insured amount of INR 15 Lakh. As of January 2019, the insured can choose to purchase a separate CPA policy rather than selecting CPA as a cover within a motor insurance policy. # This car insurance provides coverage for accidental passing away or disability that occurs while operating the insured vehicle for you or your beneficiaries. If your auto insurance policy does not include this coverage or you own many vehicles, you can purchase the standalone CPA and make a car insu...

A third-party insurance policy is now required under the motor vehicles act for all two-wheelers, and this is a good idea as two-wheelers are much more likely to be involved in accidents than other types of vehicles. However, it is advised to purchase a thorough bike insurance online coverage if you want total protection for your bike as well. It offers coverage for events like personal injury, theft, third-party liability, and many more and safeguards your automobiles from natural and man-made disasters. Spending money on a thorough motor insurance policy is unquestionably worthwhile when you realise how often accidents and thefts involve two-wheelers. Thefts Of Two-Wheelers Are More Frequent Than You May Imagine. Lock your steering lock to prevent bike theft While you could ...

Day: May 15, 2023

Compulsory Personal Accident – Stand Alone Policy

How To Protect Your Bike From Theft In India?