Buying a car or two-wheeler is set to become expensive from Saturday as long-term third-party insurance policy has been made mandatory by the IRDAI following a Supreme Court order.
The three-year third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000cc, Rs 9,534 for cars with engine capacity from 1,000cc to 1,500cc and Rs 24,305 for cars with engine capacity of 1,500cc and above.
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BCCL/Representational Image