With a view to handle the issue of large number of non-renewal of motor insurance policies, the Central government has decided to collaborate with regulator IRDA and the insurance companies to implement a two -
wheeler insurance policy where a bike owner would have to pay premiums for three to five years at once.
Not exact matches
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Insurance industry executives said two -
wheeler owners would opt for these covers as there would not be any premium fluctuations for the three - year term, unlike the one - year
policies where the premium would be revised every year.
«After the two -
wheeler insurance, may be in health we should have longer term
policies where it is possible to offer.