Laws and sections by number or title, due dates, pages, and updates.
All general insurers must provide an online channel to obtain a Motor Third Party liability only policy. Insurers must ensure the easy availability of Motor TP Insurance and must not deny any request for a TP cover. Insurers must also coordinate with police authorities to facilitate the issue or renewal of policies for vehicle owners who lack coverage. All insurers must strictly comply with these directions.
What you must do
Who is affected
Ask about this circular
[Image omitted. See the official document.]
IRDA/NL/CIR/MOTP/001/01/2018
Dt: 01.01.2018
CIRCULAR
To
CEO's/CMD's of all General Insurers
Re: Motor Third Party Insurance Coverage
Hon'ble Supreme Court Committee on Road Safety had directed the States/Union Territories to periodically carry out checks to see whether the vehicle owners have Third Party insurance cover and in case they are not covered by Third Party insurance, detain the vehicle till such time the valid Third Party insurance certificate is produced by the vehicle owner. Several States have reported back that insurers have a cumbersome process that involves inspection of the vehicle concerned and that vehicle owners have complained that it is not an easy process to obtain insurance.
With an objective to ensure ease of obtaining Motor TP liability only policy, insurers are advised to follow the following vis-à-vis issuance of Third Party insurance coverage:
All the Insurers are advised to strictly comply with these directions.
[Image omitted. See the official document.]
(Yegnapriya Bharath)
Chief General Manager (Non-Life)
Sy.No. 115/1 Financial District, Nanakramguda, Gachibowli, Hyderabad - 500 032 Tel: 040-20204000
