IRDAI directs insurers to sell third part insurance cover online

Insurance companies are now directed to sell the mandatory Motor Third Party (TP) liability policy online, according to a directive from the insurance regulator. IRDAI has directed all general insurers to sell third-party cover online along with other regular channels. The insurers should also ensure easy availability of motor TP insurance and in no case can a request for it be denied. In case of absence of the policy, police can detain the vehicle till such time the valid Third Party insurance certificate is produced by the vehicle owner. The present instructions are aimed at ensuring easy availability of TP cover and compliance.

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