Car Insurance Extension News
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Will the mot extension affect my insurance tax or breakdown cover.
Car insurance extension news - Its members also operate 1 1 million cars which are used for intercity travel. The insurance regulatory and development authority of india irdai which regulates and sees to the development of the insurance industry had passed a new rule in june under which buying long term vehicle insurance package policies will not be mandatory. There has been no material change to the cost or.
Bus car operators confederation of india boci the apex body for public transport in india has sought the extension of vehicle insurance validity by one year and has approached the insurance. Extension of reinsurance arrangement for uk car insurance. This latest initiative to not charge insurance for 1 month is probably the industry first initiative that gives a 1 month insurance extension to car and bike owners.
Drivers of cars vans and motorcycles whose mot expires on or after 30 march 2020 will automatically get a six month extension meaning the earliest you d need to get your car inspected would be 30 september. Private passenger transport operators body bus car operators confederation of india boci has written to insurance regulator irdai requesting extension of vehicle insurance validity. The government has granted car owners a six month exemption from mot testing.
However it won t come in until monday 30 march which means vehicles due an mot before then must still take it. What the government has done is move the mot due date of vehicles due to expire from march 30 back by six months. Auto owners insurance customers can call the company to discuss options such as changing their due date changing their payment plan or getting a payment extension.
Admiral group has extended its existing uk car insurance reinsurance partnerships with hannover re mapfre re new re and swiss re to at least the end of 2015. Boci operators run 17 lakh buses and account for 30 crore passenger trips. This includes brand new vehicles which will get a six month extension from the date their first mot is due.
The central government said the extension is for people whose renewal dates for health and motor vehicle insurance policies fall in the lockdown period between march 25 and april 14. This means that motor and health insurance policies ending in the lockdown period will not lapse till april 21.
