insurance

According to reports, around 53 road accidents occur in India every hour, and the country loses nearly 1.5 lakh lives every year due to that. The rapid increase in the number of vehicles, over-speeding, and poor condition of Indian roads remained some major reasons behind this. Keeping these factors in mind, a motor insurance policy seems mandatory to help yourself during emergency situations. In 2022 In 2022, the Insurance Regulatory and Development Authority of India (IRDAI) asked all the insurance providers to withdraw long-term third-party motor insurance packages. Earlier, this particular package included both own damage insurance and third party…