Day: July 17, 2020

Buying a car after August 1? Know the own damage policy changes in store

July 17, 2020

  In India, buying a third party (TP) liability insurance for motor vehicles is mandatory. Buying a car insurance for own damage (OD) is not compulsory. However, the compliance rate of this mandatory provision is low. As per a Supreme Court committee report of March 2018, only one in three vehicles hold third-party liability insurance. […]

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