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Business News | Importance of High IDV While Buying New Car Insurance

Get latest articles and stories on Business at LatestLY. New Delhi [India], March 28: Third-party car and bike insurance is mandatory in India per the Motor Vehicles Act 1988. Whether buying a new car insurance or two-wheeler insurance online, you must be informed about the different terms used during the process. One such term that you should know about while making a motor insurance purchase is IDV or the Insured Declared Value. Wondering what it is? If yes, then continue reading and learn mo...
New Delhi Motor Vehicles Act Insured Declared Insured Declared Value Buying Car Insurancehere Car Insurance

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Pay Compensation For The Stolen Vehicle: Mumbai District Commission Holds Royal Sundaram General Insurance Liable For Deficiency In Service And Unfair Trade Practice

The District Consumer Disputes Redressal Commission Mumbai Suburban Additional consisting of Mr. Ravindra P. Nagre (President) and Mr. S.V. Kalal (Member) allowed the complaint filed against Royal...
Navin Jagdish Kankre District Commission Observations Of The Commission Insurance Company Ltd Insurance Company Mahindra Scorpio Vehicle
Source: livelaw.in

All you need to know about buying two-wheeler insurance online

Two-wheelers are among the most preferred modes of transport in India. Their popularity as a preferred commute option could be gauged from the fact that in 2019, two-wheeler sales in India reached an all-time high of over 21 million units. Moreover, despite the COVID crisis and the ensuing lockdown which dampened the consumer spirit in the country, over 17 million two-wheelers were sold in 2020 till October [1]. And with top-six auto manufacturing firms posting a 16 per cent spike in sales, we ...
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