20
Jul
Planning to buy after August 1, 2020 You will have to buy a long term third party liability insurance, three-year for four-wheelers, and five-year for two-wheelers. TP premiums are same across all insurers, and the coverage is identical. So, you do not have much of a decision to make. To insure your vehicle for own damage, there are two options. First, you could buy a ‘bundled’ policy. This will be a combination of long-term third party liability policy, and one year own damage cover. Second, you could buy two separate policies. One is a stand-alone long-term TP policy, and the…