- HDFC ERGO Community
- :
- Motor Insurance
- :
- Motor Insurance - Product Coverage
- :
- Re: What is the period of the Motor insurance poli...
22-09-2017 03:24 PM
22-09-2017 05:21 PM
22-09-2017 05:21 PM
SolutionA motor policy is usually valid for a period of one year and has to be renewed before the due date. Pay the premium on time. No Insurer offers a grace period for paying the premium. In case of lapse of policy by even one day, the vehicle has to be inspected. Moreover, if a comprehensive policy is allowed to lapse for more than 90 days, the accrued benefit of NCB (No Claim Bonus) is also lost
22-09-2017 05:21 PM
22-09-2017 05:21 PM
SolutionA motor policy is usually valid for a period of one year and has to be renewed before the due date. Pay the premium on time. No Insurer offers a grace period for paying the premium. In case of lapse of policy by even one day, the vehicle has to be inspected. Moreover, if a comprehensive policy is allowed to lapse for more than 90 days, the accrued benefit of NCB (No Claim Bonus) is also lost