Vehicles owners repeatedly failed to renew their insurances and the hassle of renewing their insurance kept them away from being insured. Now, the IRDAI (Insurance Regulatory and Development Authority of India) has brought about the multi insurance policy which has a tenure of 2 or 3 three years (depending on the choice of the policyholder). With the insurance term spanning two to three years, the factor of renewing one’s insurance has become a lot more relaxed.
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Vehicles owners repeatedly failed to renew their insurances and the hassle of renewing their insurance kept them away from being insured. Now, the IRDAI (Insurance Regulatory and Development Authority of India) has brought about the multi insurance policy which has a tenure of 2 or 3 three years (depending on the choice of the policyholder). With the insurance term spanning two to three years, the factor of renewing one’s insurance has become a lot more relaxed.