Know About Long-Term Two-Wheeler Insurance Policy
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It is a well-known fact that two-wheelers are more vulnerable
to road accidents as compared to four-wheelers. In order to ensure complete
protection of your two- wheeler from accidents, it is important to buy a two-wheeler
insurance policy. As per the Insurance Regulatory and Development
Authority of India (IRDAI), any
two-wheeler purchased after September 1, 2018, should have a third-party insurance
cover and the premium for the same should be paid upfront for a period of five years. The IRDAI has made this a rule
after an order was passed by the Supreme Court. However, two-wheeler owners who
made their purchase before the specific date can continue to make the premium payment
in the same manner as earlier. In spite of this facility available for older
two-wheeler owners, it will be convenient for you to purchase a two-wheeler insurance policy that has a long
duration.
Types of long-term two-wheeler insurance…
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