Do you know how many four wheelers on the Indian roads are running without insurance? The numbers could take you by surprise. Around 30 per cent four wheelers are running on the road without insurance. This is a data as per the General Insurance Council – an industry lobby group representing the General Insurance Sector
Do you know how many four wheelers on the Indian roads are running without insurance? The numbers could take you by surprise. Around 30 per cent four wheelers are running on the road without insurance. This is a data as per the General Insurance Council – an industry lobby group representing the General Insurance Sector.
The government and Insurance Regulatory and Development Authority of India (IRDAI) have been working to reduce the figures without much success.
But it will be difficult to drive a car without a FASTag and vehicle insurance. All vehicle owners who will apply for vehicle insurance will be required to enter details of their FASTag. From 1 January 2021, all four wheelers including the old ones will be required to have a FASTag.
FASTag is an electronic toll collection system implemented by the National Highway Authority of India (NHAI) which is, RFID based. As per NHAI, FASTag has proved to be instrumental in easing lives of commuters on National Highways within two months of its nationwide implementation.
This will help the government to know about the vehicles which are running without insurance, easily.
Your difficulties set to rise if vehicle is without insurance
FASTag will help the government identify vehicles without insurance.
All vehicles will be mandatorily required to have FASTags from 1 January 2021
For third party insurance, it will be mandatory to provide FASTag details
The insurance related rules to get implemented from 1 April
