If your vehicle is not insured then get it done soon, otherwise you may face difficulty in filling petrol or diesel at the pump. Because, on the instructions of the Supreme Court, the government is soon going to implement the no insurance, no fuel system. Under this, cameras at petrol pumps will scan the number plates of vehicles. If third-party insurance of the vehicle is not available, fuel will not be provided. Insurance regulator IRDAI will soon start its trial in some cities to ban vehicles running without insurance in the country. Third-party motor insurance, which is mandatory in the country, is being conducted with the objective of testing whether the insurance can be immediately ascertained while filling up the petrol or not. Third-party motor insurance is mandatory by law in the country, but despite this, more than half of the drivers do not renew it. The main objective of the new rule is to make people strictly follow the rules of third-party insurance. The pumps will be linked to the third party insurance of vehicles. On August 4, the bench of Justice Sanjay Karol and Justice Prashant Kumar Mishra had directed the Central Government to start a pilot project from Delhi. Under this, petrol pumps will be linked to valid third-party insurance of vehicles. If the insurance of a vehicle is not found to be valid, then it will be refused to provide petrol or diesel at the petrol pump. Unless the vehicle owner gets insurance, the vehicle will not get fuel. The rules of third-party insurance for new vehicles will change. The court has extended the mandatory time limit for compulsory third-party insurance to be purchased at the time of registration of new vehicles by 1 year… In 2018, the rule of 3 years for cars and 5 years for bikes was implemented, but even after 8 years, crores of vehicles are running without insurance. That is why this deadline has been extended. What will be the impact on the insurance sector? If this rule is strictly implemented, then there may be a big increase in the premium collection of general insurance companies.
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Petrol-diesel will not be available without insurance: Trial of no insurance, no fuel rule will start; Cameras at pumps will scan number plates
