Summary:
From now, if you fail to renew your vehicle insurance policy before its expiry, you may lose registration number of the vehicle. “As there was no three-year insurance product available leading to confusion among the vehicle dealers and buyers. However, three-year insurance package is not being offered by the insurers right now. Any failure will invite cancellation of vehicle registration.The order comes after the apex court's decision making it mandatory for three-year third party insurance policy. Owners, vehicle buyers welcome Madhya Pradesh government’s moveBHOPAL: Beware!.