As per the reports, the policy will be offered on a long term basis will also help reduce the number of uninsured vehicles on the road thereby assisting people in safeguarding their interests. As told by chairman of New India Assurance Company, Mr. G Srinivasan, the new policy is expected to be launched within this month. Regarding the pricing, he said they will announce the same while launching the policy. He was present and speaking while announcing country’s third quarter results and felt very enthusiastic for the future as company performed extremely well in tough conditions. The company’s net profit saw a rise of 42 % from the previous year and stood at 996 crore INR.
(Source: This article has been adapted from the article "New India to offer 3-year bike cover" that appeared on February 05, 2015 in timesofindia.indiatimes.com)
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