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Multi-year insurance policies for cars soon

Wednesday, July 25, 2018, 6:44 PM

While insurance companies have been offering multi-year policies for two-wheelers for some-time now, there are no such policies for four-wheelers. This might change soon, as the Supreme-Court has directed the Insurance Regulatory and Development Authority of India (Irdai) to decide on making third-party motor-insurance “mandatory” by 1 September, PTI reported. The court said this while referring to the recommendations of the SC-Committee on Road-Safety.

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