Pollution certificate now mandatory to renew motor insurance: IRDAI
The Insurance Regulatory and Development Authority (IRDAI) has issued a new circular to insurance service providers in India, asking them to obtain a valid PUC for the vehicle while renewing the policy.
The regulator body said that if a vehicle’s PUC certificate is expired during the time of the accident, insurance companies will not cover any damages, adding that a pollution license is essential for all claims.
Previously, the Supreme Court ordered Insurance Companies not to insure the vehicle unless they have a valid PUC certificate on the renewal date of the insurance policy. IRDAI has issued a circular to all public insurers to ensure that the direction of the Supreme Court of India is strictly followed with a special focus on compliance in Delhi – NCR.
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Last Update : Aug 24, 2020 7:12 AM
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