IRDAI/NL/CIR/MOT/143/06/2020 - Withdrawal of Long Term Package Cover offering both Motor Third Party Insurance and Own Damage Insurance for three years or five years

In a major relief to insurance agents and brokers, IRDAI has done away with the long term motor insurance policies having at least 5 year cover for new two wheelers and 3 year cover for new four wheelers.So...

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