Call us : +91 080 41205549

Whatsapp : +91 82969 08111

Mutual Fund investments are subject to market risks,
read all scheme related documents carefully

member login

back
FAQs

Non Life Insurance - Can motor policies be issued for a longer term than a year?

No policy can be issued for a period of more than one year ordinarily. However, for motor cycles and scooters only, the Act Policy in Form A, which is the minimum compulsory insurance required by law, may be issued on a long term basis. Such policies once issued remain valid up to the cancellation of the registration of the vehicle by the Regional Transport Authority (R T A).

This insurance is particularly useful for owners of comparatively older vehicles, for whom the Comprehensive Cover becomes a little too expensive considering the age and market value of the vehicle. The premium for such insurance is charged in accordance with the Long Term Act Policy Premium Schedule.

AMFI REGISTRED MUTUAL FUND DISTRIBUTOR

Contact Us

BOHO FINSERV PVT LTD.

Unit No.3, I floor, "West Gate Point"
#77, R V Road, Basavanagudi,
BANGALORE-560004

PH: +91 080 41205549

Mob No: 8296908111

E-mail: info@bohoindia.com

All right reserved © 2019 www.bohoindia.com
Design & Developed By Fintso