Tuesday, November 5, 2024

‘Bumper-to-bumper’ insurance: Know this new rule before buying a car-bike

To Watch This News in Hindi, Click Here –‘बंपर-टू-बंपर’ इंश्योरेंस: कार-बाइक खरीदने से पहले इस नए नियम को जानें

If you are thinking of buying a car or bike next month, then it can be a bit heavy on the pocket. The reason for this is an important decision of the court. In fact, after a decision of the Madras High Court, from September 1, you may have to pay more for the down payment if you buy a new vehicle.  

In fact, the Madras High Court has given a verdict in the past, according to which ‘bumper-to-bumper’ insurance will be mandatory on the sale of a new vehicle from September 1. That is, this rule will be applicable from September 1.  

According to the judgment of the Madras High Court, from September 1, ‘bumper to bumper’ insurance should be mandatory for every five years, apart from covering the driver, passengers, and vehicle owner. That is, the insurance will be added separately for 5 years after covering the driver, rider passengers, and vehicle owner. 

The court says that this new rule will not put unnecessary pressure on the owner of the vehicle. However, at present, there will be a ‘bumper-to-bumper’ insurance period of 5 years. The court has given this decision in a petition filed by New India Assurance Company Limited. 

Read More: This new smartphone of OnePlus can be launched in India soon

After the implementation of this rule, ‘bumper to bumper’ insurance will be necessary for 5 years on the purchase of new vehicles, that is, the customer will also have to take an on damage policy of insurance while buying the vehicle. For this premium will have to be paid more.  

After this decision, the cost of insurance on the new vehicle will increase further for 5 years. Because according to the rules, third-party insurance on a new vehicle is necessary for 3 years for a four-wheeler and 2 years for a two-wheeler.  

‘Bumper to bumper’ is a type of car insurance, which gives complete coverage to the vehicle. The coverage under this policy will be complete irrespective of the depreciation. If a customer makes a claim, the insurance company cannot deduct the depreciation, which means 100% of the claim will be available. Not only this, for replacement of parts after an accident, the insurance company will have to pay in full. 

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

These 150cc bikes, including Yamaha & Honda, are highly in demand

The nation has a significant demand for 100cc or mileage bikes. However, another segment of folks like bikes with 150–200cc engines. Particularly the country's...

New bike Indian Roadmaster Elite launched with cost the same as the Fortuner

A new superbike has just been introduced to the Indian market by Indian Motorcycle. This bike offers Bluetooth connectivity and a TFT display. This...

Give up Alto-Wagon R! More than 1 lakh people are waiting for this car

In India, Maruti Suzuki is the biggest carmaker. The company's car, which ranges from the Swift to the WagonR, is in high demand. Every...

Car owners becareful! Breaking this law will send your car to a junkyard

The Delhi government has begun the process of sending used car straight to be scrapped. According to representatives of the Transport Department, under this...

Why use CNG? Do this minor adjustment to your car for rich mileage

Everyone wants their car to get the best possible petrol mileage to save money on their oil. CNG vehicles are becoming increasingly popular in...

Most Popular

Subscribe

* indicates required