Education
- B.Sc. in Information and Technology
More and more people in India are driving four-wheeled vehicles. It's important to note that automobile insurance is mandatory in India, and you must get it when you buy a car.
If a car is damaged or wrecked, the Insured Declared Value Complete Form of IDV, or IDV, represents the maximum sum assured.
When it comes to the value of your car, typical wear and tear will eventually take its toll. Depreciation on your vehicle and its components will be deducted from your compensation,
Calculating Motor Insurance Premium with a premium calculator is a valuable and dependable method for determining which coverage best suits your needs.
This is the time of the year wherever the owner incurs most maintenance costs and most of the times it's out of compulsion rather than out of selection.
According to a survey, in 2020, almost 1.32 people died due to road accidents. According to another report from the General Insurance Council, 60% of vehicles on Indian roads are not having insurance. And in that too majority are two-wheelers. We live in a society where spending on life insurance is generally not talked about, and people are busy wasting their money on other stuff. Bike insurance policies are not much in the limelight among bike riders in India.