This arrangement has been implemented since 1 September 2018. When purchasing a new car, you will have to take 2 years of third party insurance. It is compulsory to take a 5-year third party insurance for a two-wheeler. The Supreme Court has kept this decision in mind for increasing mishaps. It would have happened that when buying a car, they bought insurance but did not renew it later. So this decision has been taken.
Every three minutes is created due to mishaps
During the hearing in the court, insurance companies opposed the proposal, the Supreme Court said to the insurance companies that people are dying in road accidents. More than a million people die. Every three minutes an accident occurs. People are dying and you tell them to let them die. The court remarked that you see them, who died in road accidents. The people of India are dying, you can make them more secure.
