In­sights and Sug­ges­tions

Consumer Voice - - Insurance For Your Two-wheeler -

• Al­most all in­surance com­pa­nies are of­fer­ing sim­i­lar poli­cies with al­most the same in­clu­sions and ex­clu­sions. The con­sumer ends up choos­ing a pol­icy that charges rea­son­able ad­di­tional pre­mium for add-on cov­ers. • There is near-stan­dard­i­s­a­tion of the third-party li­a­bil­ity pol­icy, which is any­way com­pul­sory for a two-wheeler to ply on the road. Con­sumers stand to ben­e­fit from sys­tem­a­ti­sa­tion of the claims set­tle­ment process. For this, con­sumers will need to have a com­pre­hen­sive cover pol­icy, which can be made a com­pul­sory buy for two-wheel­ers. • IRDA could man­date to bring out a stan­dard­ised com­pre­hen­sive cover that in­cludes all ma­jor as­pects of some vi­tal cov­ers (which are now in the add-on list). • Ac­cord­ing to es­ti­mates by en­vi­ron­men­tal­ists, bikes and scoot­ers emit nearly 32 per cent of air pol­lu­tants gen­er­ated by the trans­port sec­tor in Delhi. Dur­ing last year’s odd-even scheme en­forced by the Delhi Gov­ern­ment to curb pol­lu­tion on Delhi’s roads, it was found that lakhs of bikes/scoot­ers were con­tribut­ing to pol­lu­tants emis­sions. Sooner rather than later, the gov­ern­ment may have to in­tro­duce less-pol­lut­ing two-wheel­ers (how about CNG/LPG/bio­fuel kits?) to curb pol­lu­tion.

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