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Risks in Vehicle Insurance

Driving any vehicle without third-party (TP insurance is an offence and attracts a fine of up to Rs 1,000 with a possible jail term of up to three months. Amid growing concern over vehicles plying on roads without even the mandatory third-party insurance, the road transport ministry has asked insurance firms to share details of insured vehicles with the government as part of an exercise to track offenders. The ministry plans to host data on uninsured cars and two-wheelers on an e platform that can be accessed by every state transport department and traffic cops to crack the whip on those who do not renew motor insurance.

October 2017