Why Car Insurance must for Revised Traffic Challan Rates?

OverView
Amendments to the Motor Vehicle Act
were passed by the Parliament
recently but most have come into
effect from September 1, 2019. This
means that driving errors are going
to make a huge dent in your monthly
budget and some of them may cost
you the same or more than your
monthly fuel bill.

Enhancement of penalties
"penalty for offences where
no penalty is specifically
provided for- first offence
from up to Rs 100 to Rs 500
and second/subsequent
offence from up to Rs 300 to
Rs 1,500."

Expiry of driving licence
This would mean that if
your driving licence is
expiring in October 2020,
then you can apply for
renewal from October
2019 till October 2021.

Change in residence address
Starting from September 1, if you
wish to change the residence
address or place of business in
your driving licence, then same
can be done online and you can
apply for this to any registering
authority within the state.

If your minor kid is held for
driving the motor vehicle
Giving your minor child the keys
to your car will become an
expensive affair from September
1. As per the new law, if the motor
vehicle is used by the child, then
the registration of your vehicle
may be cancelled for one year.

Importance of Car Insurance
A car insurance can compensate
you for any financial loss due to an
accident, theft or natural calamity.
Depending on the insurance you
choose, you can also be covered
for the third-party property
damage, personal injuries or
death.

Any Question?
You can visit Bajaj Finserv's offcial website
https://www.bajajfinserv.in/car-insurance