Multi-year insurance policies for cars soon
The biggest advantage of having a multi-year insurance policy is the convenience of not having to renew the policy every year. But it is a bit challenging to arrive at the right pricing in a multi-year scenario
While insurance companies have been offering multi-year policies for two-wheelers for some time now, there are no such policies for four-wheelers. This might change soon, as the Supreme Court has directed the Insurance Regulatory and Development Authority of India (Irdai) to decide on making third-party motor insurance “mandatory" by 1 September, PTI reported.