Motor insurance is mandatory in India under the Motor Vehicles Act. Yet, many people delay renewing their policy or even driving without one, putting themselves at serious financial and legal risk.
Legal Penalties Driving without valid insurance can result in fines, legal action, or even imprisonment in case of serious incidents. Renew your insurance before expiry to avoid penalties.
Financial Losses If your vehicle is involved in an accident or theft during the uninsured period, all losses must be borne out of pocket. Comprehensive motor insurance covers both third-party liability and own damages.
Loss of No Claim Bonus (NCB) Delays in renewal can lead to loss of your No Claim Bonus, a discount on premiums for claim-free years.
Inspection & Waiting Period If your policy lapses, the insurer may require vehicle inspection and impose a waiting period before the policy becomes active again.
Conclusion Motor insurance is not just a regulatory requirement but a smart financial decision. Renew on time and stay protected from unexpected incidents on the road.
