Motor Insurance Claims

General insurers have to pay GST liability in case of disposal or sale of the salvage after settling the claims

If you let it lapse and renew later, you will lose out completely on the no-claim bonus

Regulator also says insurers are facing issues in offering the product

You should approach an insurance company of your choice and get an insurance cover for your vehicle immediately. The insurance company may want to inspect your vehicle

Motor insurance claims up to Rs 15,000 can be settled immediately