New Delhi: After the new Motor Vehicle Act came into force from September 1, people have gained attention towards motor insurance. The new law provides for heavy fines for violation of traffic rules and this is why long lines of pollution checkers are also seen outside the pollution check centers. According to Policy Bazaar, a website providing online insurance facility, in the last three days, 90 percent of the people who have bought the insurance policy have completed the term of the policy.

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Tarun Mathur, chief business officer, general insurance department, PolicyBazaar.com, told news agency PTI, "After the amended law comes into force, we are selling 30,000 motor insurance policies on our platform every day. This is double that of our sales on a daily basis." According to Mathur, the number of renewers of Laps Motor Insurance Plan is very high. Under the newly amended law, the penalty amount for the first time being caught driving a vehicle without insurance has been increased from Rs 1,000 to Rs 2,000.

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The second time there is a provision of a fine of Rs 4,000 for this mistake. According to an estimate, there are 19 crore vehicles registered in India. Of this only 8.26 crore are under insurance cover. The main reason for this is that after the initial years, people do not pay much attention after the insurance plan expires. About 70% of the people driving two-wheelers are out of insurance cover, while in the case of four-wheelers, the figure is 30%.

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