From September this year, the buyer of a new car or bike will have to take insurance as compulsory. Insurance is the responsibility of every person compulsory. But there is a big twist in this matter. By making a long-term premium payment, the price of the new car will increase. Along with this, the benefit to consumers is that they will get rid of the annoyance of renewing insurance every year. We have to take three years of insurance with Because of the Supreme Court's order, the bike and car buyer can now increase the scope of the insurance companies. Along with the car and bike buyer will have to prepare to pay for the insurance. The consumption of cars and vehicles in the state is increasing. There is a possibility that a buyer may have a big burden with each other. The number of cars and bikes in Gujarat is increasing. To get insurance from September 1, you will have to pay five times. Because there will be no 5 year insurance for every year. There was a lot of insurance for just about a year.
An initial insurance cover for a new private car with a capacity of 1500 cc would be at least Rs 24,305, which is currently Rs 7,890. Similarly, for a bike capable of crossing 350 cc, 13,024 will be paid, which is currently 2,323. Insurance premiums will vary on each model. As a result, the more expensive car and the car's premium premium will increase.
The Supreme Court has ordered July 20 that for the new car it is necessary to get thirdparty insurance cover for 3 years and 5 years for a bike. The order will be complied with from September 1. The court has ordered all insurance companies to offer long-term third party insurance cover. It is beneficial for cars and bike operators, but at present the buyer's pockets will be relaxed and decided. Companies will offer a package of ondemez or third party cover or can offer a long term third party and demo cover for one year. In such a case, the possibility of an insurance company getting some relief is also bad.Read Gujarati news