Is It Better to Have Short-Term or Long-Term Third-Party Insurance?

As per the Motor Vehicle’s Act 1988, all vehicles must have third-party insurance. The government and the Insurance Regulatory and Development Authority of India (IRDAI) have put down several regulations for people to drive on Indian roads. As per the new rule, new two-wheelers must own third-party insurance that has a validity of 5 years. Long-term … Read more