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Why Car Insurance must for Revised Traffic Challan Rates?

Amendments to the Motor Vehicle Act were passed by the Parliament recently but most have come into effect from September 1, 2019.<br><br>A car insurance can compensate you for any financial loss due to an accident, theft or natural calamity.Depending on the insurance you choose, you can also be covered for the third-party property damage,personal injuries or death.<br><br>https://www.bajajfinserv.in/car-insurance

sidharthkapoor
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Why Car Insurance must for Revised Traffic Challan Rates?

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  1. Why Car Insurance must for Revised Traffic Challan Rates?

  2. OverView Amendments to the Motor Vehicle Act were passed by the Parliament recently but most have come into effect from September 1, 2019. This means that driving errors are going to make a huge dent in your monthly budget and some of them may cost you the same or more than your monthly fuel bill.

  3. Enhancement of penalties "penalty for offences where no penalty is specifically provided for- first offence from up to Rs 100 to Rs 500 and second/subsequent offence from up to Rs 300 to Rs 1,500."

  4. Expiry of driving licence This would mean that if your driving licence is expiring in October 2020, then you can apply for renewal from October 2019 till October 2021.

  5. Change in residence address Starting from September 1, if you wish to change the residence address or place of business in your driving licence, then same can be done online and you can apply for this to any registering authority within the state.

  6. If your minor kid is held for driving the motor vehicle Giving your minor child the keys to your car will become an expensive affair from September 1. As per the new law, if the motor vehicle is used by the child, then the registration of your vehicle may be cancelled for one year.

  7. Importance of Car Insurance A car insurance can compensate you for any financial loss due to an accident, theft or natural calamity. Depending on the insurance you choose, you can also be covered for the third-party property damage, personal injuries or death.

  8. Any Question? You can visit Bajaj Finserv's offcial website https://www.bajajfinserv.in/car-insurance

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