Five-Year and Three-Year Third Party Insurance Now Compulsory for 2W and 4W, respectively

The Insurance Regulatory and Development Authority (IRDA) issued a notice saying that third party insurance cover for a period of five years for two-wheelers, and three years for four-wheelers will now be compulsory beginning September 1. This move comes after the Supreme Court passed a ruling to this effect some time ago. The current tenure stands at one year for each of these vehicle segments.

 

Download IRDAI Circulars to All General Insurers

 

Download MoRTH Circular and Hon'ble SC Order

 

 

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