The central government gave a big relief to auto insurance and health insurance

The central government gave a big relief to auto insurance and health insurance policies by the end of the current nationwide lockdown.


The central government on Thursday gave a big relief to billions of insureds by deciding to extend the expiration of the auto insurance and health insurance policies by the end of the current nationwide lockdown.







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According to the latest data, there are currently 2 crore auto insurance and 2 crore health insurance policies in the country. For those of them whose term expires during the lockdown, without renewing the policy, the same policy will continue till April 1st.


Under section 4VB of the Indian Insurance Act, the policy of insurance is applicable only after payment of premium and it continues till the appointed time. 


The policyholder does not have a provision for insurance cover even before the policyholder pays the insurance premium; However, keeping in mind that many of the expired policies during the current 'lockdown' cannot be renewed or people will not be able to get a new policy, however, the Union Finance Ministry has relaxed this provision in the Insurance Act by taking a notification.


Last year, it was reported that 3,000 vehicles were not insured in the state. The highway police have recommended the RTO department to cancel the license of 5,000 vehicles.

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  • best online car insurance
  • Maruti Suzuki car insurance
  • list of car insurance companies
  • commercial vehicle insurance policy bazaar
  • online auto insurance
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In the action taken by the highway police, 19 uninsured vehicles were found. However, after the police gave an understanding, 3 vehicles were insured but even with the suggestion, the non-insured insurance was canceled.
    The action taken in 29 revealed that last year, the state did not have 3,000 vehicles insured. The highway police recommended the RTO department cancel the license of 5,000 vehicles. Found 3rd party non-insured vehicle Of these, 1,3 vehicles were seized. After the vehicle was taken into custody, 1,3 vehicles were insured, Highway Police said.

        There is no limit to the amount of compensation sought from the heirs of the victims or the injured in the accident. Indemnity depends on the age, income, family of the deceased, and the nature of the accident. Years from the date of registration of vehicles

          Why auto insurance?

          As they go, the value of the vehicle decreases. Auto insurance cannot be insured after a few years. Therefore, the highway police are appealing for the removal of insurance on time.


          There is auto insurance to protect cars, trucks, motorcycles, and other vehicles. The primary purpose of this insurance is to provide vehicle damage from traffic accidents and to provide the driver with protection in the event of an accident.

          General comprehensive insurance plan


          This type of insurance plan covers the damage caused by accident, earthquake, fire, flood, riot. But the tire, battery, rubber plastic parts of the car (from the day the policy is removed) get the compensation (as compared to the MRP fixed by the manufacturer). Similarly, the depreciation on the metal and sheet parts for the first six months is zero percent. But now let's look at the policies that give us even better benefits.

          Zero percent depreciation

          Plastic and fiber parts are now more commonly used in this type of insurance plan to prevent a pedestrian from getting hit by a car, as well as to save fuel by reducing the weight of the vehicle. In the event of an accident, they are completely worthless. In normal insurance, the compensation of these parts is 5% of the original cost. However, taking a zero percent depreciation type insurance plan will also provide a 3% compensation for the above-mentioned parts. These types of insurance plans can be obtained for up to five years from the date of purchase.

          Consumable Secure

          Accidental vehicle engine oil, gear oil, a hydraulic fluid used in brakes and power steer, gas in air conditioning system. Coolant in the radiator, AC compressor, oil, nut bolt screw, oil filter, beauteous, clips can be obtained in this type. In addition, there are plans for Engine Secure and Tire Secure.

          In case of emergency

          The convenience of this method can be paid by the insurance company if you use a rental car to reach the insured's home in case of an accident or if you have to stay at a hotel due to an accident. However, it is mandatory to submit the appropriate bills to the insurance company. The amount of money you can pay for taxi fare or hotel leasing can be different for every insurance company.

          Replacement of key

          New technology-based vehicles are now changing the look of the ignition key, with things like electronic codes and remote. Of course, if a key is lost or broken, it can cost up to 5% of the cost of making a new key and re-coding it through a scanner or through a replacement facility

          No claim bonus

          No claim increases every year if the insured does not make any claim within the stipulated time of the one-year insurance plan. It can grow up to 5%. You can use the no claim bonus recorded on your policy at the time of selling the vehicle on your new vehicle (even if the insurance company changes). However, it is necessary to show the documentary proof of the old car's name to the other person at the insurance company / new car. On occasion, no claim bonus can be used for the next three years (once) after selling the previous vehicle.
          Policy Express

          In case of any claim for damages of any type of vehicle, it is compulsory for the vehicles having engines of less than 5 cc to be charged at Rs. They are deducted from the sum insured.

          Why auto insurance?

          As they go, the value of the vehicle decreases. Auto insurance cannot be insured after a few years. Therefore, the highway police are appealing for the removal of insurance on time.


          There is auto insurance to protect cars, trucks, motorcycles, and other vehicles. The primary purpose of this insurance is to provide vehicle damage from traffic accidents and to provide the driver with protection in the event of an accident.

          General comprehensive insurance plan


          This type of insurance plan covers the damage caused by accident, earthquake, fire, flood, riot. But the tire, battery, rubber plastic parts of the car (from the day the policy is removed) get the compensation (as compared to the MRP fixed by the manufacturer). Similarly, the depreciation on the metal and sheet parts for the first six months is zero percent. But now let's look at the policies that give us even better benefits.

          Zero percent depreciation

          Plastic and fiber parts are now more commonly used in this type of insurance plan to prevent a pedestrian from getting hit by a car, as well as to save fuel by reducing the weight of the vehicle. In the event of an accident, they are completely worthless. In normal insurance, the compensation of these parts is 5% of the original cost. However, taking a zero percent depreciation type insurance plan will also provide a 3% compensation for the above-mentioned parts. These types of insurance plans can be obtained for up to five years from the date of purchase.

          Consumable Secure

          Accidental vehicle engine oil, gear oil, a hydraulic fluid used in brakes and power steer, gas in air conditioning system. Coolant in the radiator, AC compressor, oil, nut bolt screw, oil filter, beauteous, clips can be obtained in this type. In addition, there are plans for Engine Secure and Tire Secure.

          In case of emergency

          The convenience of this method can be paid by the insurance company if you use a rental car to reach the insured's home in case of an accident or if you have to stay at a hotel due to an accident. However, it is mandatory to submit the appropriate bills to the insurance company. The amount of money you can pay for taxi fare or hotel leasing can be different for every insurance company.


          Return of invoice

          In this type of facility, the lump-sum tax paid for the car can be covered by insurance. Single tax is valid for 3 years. The government criteria for levying them are as follows:
          • 5% of the original cost of the car for petrol-fueled cars
          • 5% of the original cost of the car for diesel fuel-driven
          • CNG. 5% of the original cost of the car for the fuel-powered car





          In the event of an unfortunate accident such as a major accident, theft of a vehicle, a riot or the burning of a car (we are now seeing an increase in the number of vehicles being set on fire by social workers), the loss of lump sum tax will be refunded.

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