In the year 2018, there were about 1.49 lakh road deaths reported. Quite huge a number when it is about life. Being cautious and abiding traffic rules while driving a vehicle on the road is all about your moral responsibility. It is about saving yours as well as others life. If you fail to do so and drive carelessly, you may damage someone else’s property or hurt them. In such cases, it will be your insurance policy which will offer some help. Didn’t get that?
A Motor Insurance Policy is a kind of security that pays for the losses that happened either to you or the third-parties who suffer in an accident. Considering the rise in liability accident cases, the Government of India has made a third-party coverage mandatory.
Is it illegal to drive without Insurance Policy?
Yes, it is illegal to drive without an insurance policy as per the Motor Vehicle Act, 2019. The Government of India has made Third-Party Liability Insurance mandatory for all motor vehicles to drive legally on the road.
What is the fine for driving without insurance policy?
As per the new Motor Vehicle Act 2019, the fine for the first offence of driving without insurance policy is Rs.2,000/- and/or imprisonment of up to 3 months. Earlier, this fine applicable was Rs.1,000/- and/or imprisonment of up to 3 months.
For the second time offence, if you continue to drive a vehicle without insurance policy then you will be liable to pay a fine of Rs.4,000 and/or imprisonment of up to 3 months.
Is the fine same for all types of Vehicles?
Yes, the fine applicable for driving without an insurance policy is the same for all vehicles; i.e two-wheelers, four-wheelers and commercial vehicles.