Purchasing a new car will get slightly costlier from 1 September 2018, as all new cars sold in India will now come with a mandatory three-year third-party insurance. Until now, the standard one-year third-party insurance was renewed every year with either the comprehensive and zero-dep insurance, or independently. Third-party insurance[Read More…]
Tag: car insurance
New car insurance to be costlier from September 2018
The Supreme Court of India has ordered that all new vehicles, including four-wheelers, will have to be sold with a three-year third-party insurance from 1 September 2018. The move is expected to result in a significant hike in insurance prices. At present, a new car insurance includes a third-party cover[Read More…]