While there is always a debate on which fuel type is best for a vehicle in the long run as per personal needs and driving requirements; what you may not be aware of is that the kind of fuel used in a vehicle does have an impact on the premium of your vehicle along with the Insured Declared Value, cubic capacity and other factors. If you dig a little deeper, you will realise that the insurance premium for a petrol car is less than that for a diesel car or a CNG/LPG fitted car. The reason is that diesel cars are expensive and are driven for longer distances and CNG fitted vehicles need higher maintenance along with a high installation cost.
Midcap stocks that find no takers among active fund managers. Check your portfolio
Read More
