In line with the Supreme Court and Insurance Regulatory and Development Authority of India (Irdai) orders, a clutch of general insurance companies have rolled out long-term motor insurance policies. Those who have purchased their cars or two-wheelers post 1 September have to compulsorily buy three-year and five-year third party liability covers.
Companies like New India Assurance, ICICI Lombard, HDFC ERGO, Tata-AIG, Digit and Acko have started selling these products online to customers ..