Buying a car? Opt for bundled auto insurance with 1-year own damage cover

If you are buying a car or two-wheeler now, you will need to buy long-term insurance compulsorily. After the recommendations of a Supreme Court panel, the Insurance Regulatory and Development Authority of India (Irdai) had directed insurers to offer three- and five-year third party liability covers for new cars and bikes, respectively. While most insurance companies are still in the process of launching products that comply with the new rules, som have already hit the market. Two- and four-wheeler buyers will now get three options to choose from. They can go for a third-party cover for t.....

Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.