The Honourable Supreme Court Committee had asked the States and the Union Territories to report to them about all the vehicles plying in their jurisdiction without a valid third-party insurance policy. They had issued orders to confiscate the vehicle till such time the vehicle owner produces a valid insurance policy.
However, the States and the Union Territories have come up and reported the complicacy faced by vehicle owners for issuing a third-party (TP) insurance policy that requires vehicle inspection and thus making it difficult for them to avail a TP motor insurance policy smoothly.
Thus, the Supreme Court has mandated the insurance companies to make the process of TP insurance policies simpler by implicating these changes:
- The TP insurance policy can be availed online as well, without inspection
- Insurers would liaise with the policy for smooth TP policy issuance and renewal
- No insurer would refuse a TP policy issuance or renewal and would make it easy for vehicle owners to easily access the same
These changes should impact the vehicle owners positively and help everyone own a TP insurance policy as mandated by the law.
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