Do you own a car? Do you have an insurance? Have you renewed it? All these questions must sound so similar, all of us have gone through this apprehension phase where we forget to renew insurance on time because of other commitments in our life. But this of course does not apply to everyone. But if you are one of those who owns a car and the policy has lapsed here is all you have to know.
First of all, having any type of valid motor insurance according to the vehicle requirement is mandatory under the law. The IRDA has recently announced that all the insurers must cooperate with the police officials to provide a minimum third-party motor insurance. Since the number of insured vehicles percentage is really low, the traffic police officials are randomly checking vehicles to know if they have a valid insurance policy. If you are looking to renew or purchase a new motor insurance, then please provide your AADHAAR details along with the policy as it has been made mandatory to link your AADHAAR with any motor insurance policy:
Every year, each motor insurance policy has to be renewed unless you have chosen a long-term cover in which case you will have to renew it only once in 3 years.
Note: The insurer always reminds about the renewal of car insurance policy much in advance through SMS or calls. Do not ignore them.
The vehicle survey certificate is however not valid for more than 24 hours, so make sure you submit all the documents on time. So if you want to avoid the fuss and penalties, then renew the policy on time and enjoy a tension free ride.
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