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e rickshaw insurance rate and procedure, e rickshaw insurance rate and procedure
Hello Amit, thanks for reaching out. We are not offering an E-rickshaw insurance policy as of now. E-rickshaw insurance is a policy provided by various insurance companies. It is a legally binding contract between the insurer and the insured party, wherein the insurer assumes responsibility for providing coverage in the event of unexpected damage or loss incurred by the e-rickshaw.
Types of E-Rickshaw Insurance:
Third-Party: According to the Motor Vehicle Act 1988, it is compulsory for e-rickshaw owners to possess third-party e-rickshaw insurance. This insurance policy provides coverage for any third-party liabilities resulting from an accident.
Comprehensive Insurance: The insurance company provides a comprehensive insurance policy that offers coverage for the insured's own damages and damages caused by natural calamities. However, it is not a legal requirement, and e-rickshaw owners can purchase it based on their individual needs.
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