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Business Standard
6 hours ago
- Business
- Business Standard
Skipping Third-Party Bike Insurance? Here's What It Could Cost You
NewsVoir Noida (Uttar Pradesh) [India], June 3: Owning a motorcycle comes with responsibilities, and having third-party bike insurance is among them. Indian law requires two-wheeler third-party insurance to protect against damages to others in an accident. Riding without it could lead to legal penalties, financial burdens, or even suspension of your license. The two-wheeler third-party insurance gives peace of mind and ensures law compliance. With online third-party insurance for two-wheeler riders, securing the coverage takes more or less a few minutes. Knowing the consequences of riding without these two-wheeler third-party insurance policies will enable you to make a well-informed decision. Consequences of Not Having Third-Party Bike Insurance Biking without third-party bike insurance can cause severe legal and financial implications. Here is what you risk by not having third-party insurance for bike owners: Legal Penalties for Uninsured Riding Indian law requires all two-wheeler riders to insure themselves against third-party liability. Riding without one can attract fines, prison sentences, and license suspensions. The Motor Vehicles Act of 1988 prescribes a fine of Rs2,000 for first-time offenders and Rs4,000 for repeated offenders. In some extreme cases, authorities can suspend your driving license or seize your vehicle. Avoid these unwanted run-ins with the law by getting third-party two-wheeler insurance to comply with legal requirements. Financial Burden in Case of Accidents Accidents can be costly, especially regarding efficacious compensation, such as when others stand injured, or property damage occurs. In the absence of third-party motorcycle insurance, you will have to pay the medical fees as well as repair costs. Depending on the severity of the accident, expenses can quickly escalate, causing financial distress. Third-party insurance two-wheeler policies ensure that these liabilities do not fall on you. Taking out proper coverage will prevent financial strain. Legal Complications in Accidents If you're an uninsured rider involved in an accident, court cases can be filed against you by a third party seeking compensation. You could be stuck in lengthy court battles without valid third-party bike insurance. This creates substantial financial strain and leaves you with a legal standpoint. The court could rule that the victim should be compensated, leaving you liable for a hefty payment. Compliance with the demands of third-party insurance legally requires one to avoid such unfortunate events. Loss of No Claim Bonus (NCB) Benefits Failing to renew your two-wheeler third-party insurance policy on time means you will lose out on any accrued NCB benefits. NCB discounts insurance premiums for every claim-free year so that you can save on the premiums. Having the NCB benefit cancelled poses a problem for other policies because the premium will shoot up for future policies. By renewing your two-wheeler third-party insurance on time online, you can be assured of continuous coverage while saving big time. Staying insured also prevents one from experiencing any kind of financial loss. How Does Third-Party Insurance Protect You? Third-party bike insurance is recommended for every two-wheeler owner in India. It is, therefore, a legal requirement to secure against financial liabilities and damages caused by one another. Here's how a bike insurance policy safeguards you: Legal Compliance According to the Motor Vehicles Act of 1988, bike owners must have third-party insurance. Failure to do so may result in severe fines, imprisonment, or even suspension of the rider's license. Having a valid policy allows the rider to adhere to regulations and avoid any unnecessary legal troubles in the event of routine checks. Coverage for Third-Party Injuries or Death In some cases, accidents can lead to injuries or deaths of pedestrians or other motorists. In such cases, third-party insurance two-wheeler policies cover the medical expenses of the affected party while providing compensation. This ensures that one does not have to pay an enormous amount from his pocket. Financial Security Against Lawsuits If the accident victims demand compensation from uninsured riders, things can get nasty as it would result in a legal process. This is where third-party bike insurance comes in handy, as it takes care of legal expenses and settlements and also protects the insured from unforeseen financial stress. Riding with Peace of Mind Riding knowing that the insurance can compensate any third-party liability that occurs provides peace of mind for most riders. Accidents can happen at any time, but the availability of some financial protection ensures that you are prepared. With third-party insurance, you can escape the worries of financial uncertainties. Affordable and Easily Accessible Coverage Third-party insurance is cheaper than comprehensive insurance. It provides essential protection at a reasonable premium, which makes it a good option. You can buy third-party insurance online, and the digital process of issuing and renewing any policy is much easier. Insurance coverage on third-party two-wheelers protects against mishaps and protects you from financial misconduct. Third-party insurance for two-wheeler owners is a legal requirement and a smart investment. Online purchase for third-party insurance for two-wheeler owners provides an array of benefits.
Fashion Value Chain
10 hours ago
- Business
- Fashion Value Chain
Skipping Third-Party Bike Insurance Here's What It Could Cost You
Owning a motorcycle comes with responsibilities, and having third-party bike insurance is among them. Indian law requires two-wheeler third-party insurance to protect against damages to others in an accident. Riding without it could lead to legal penalties, financial burdens, or even suspension of your license. Benefits of Third-Party Bike Insurance The two-wheeler third-party insurance gives peace of mind and ensures law compliance. With online third-party insurance for two-wheeler riders, securing the coverage takes more or less a few minutes. Knowing the consequences of riding without these two-wheeler third-party insurance policies will enable you to make a well-informed decision. Consequences of Not Having Third-Party Bike Insurance Biking without third-party bike insurance can cause severe legal and financial implications. Here is what you risk by not having third-party insurance for bike owners: Legal Penalties for Uninsured Riding Indian law requires all two-wheeler riders to insure themselves against third-party liability. Riding without one can attract fines, prison sentences, and license suspensions. The Motor Vehicles Act of 1988 prescribes a fine of â¹2,000 for first-time offenders and â¹4,000 for repeated offenders. In some extreme cases, authorities can suspend your driving license or seize your vehicle. Avoid these unwanted run-ins with the law by getting third-party two-wheeler insurance to comply with legal requirements. Financial Burden in Case of Accidents Accidents can be costly, especially regarding efficacious compensation, such as when others stand injured, or property damage occurs. In the absence of third-party motorcycle insurance, you will have to pay the medical fees as well as repair costs. Depending on the severity of the accident, expenses can quickly escalate, causing financial distress. Third-party insurance two-wheeler policies ensure that these liabilities do not fall on you. Taking out proper coverage will prevent financial strain. Legal Complications in Accidents If youre an uninsured rider involved in an accident, court cases can be filed against you by a third party seeking compensation. You could be stuck in lengthy court battles without valid third-party bike insurance. This creates substantial financial strain and leaves you with a legal standpoint. The court could rule that the victim should be compensated, leaving you liable for a hefty payment. Compliance with the demands of third-party insurance legally requires one to avoid such unfortunate events. Loss of No Claim Bonus (NCB) Benefits Failing to renew your two-wheeler third-party insurance policy on time means you will lose out on any accrued NCB benefits. NCB discounts insurance premiums for every claim-free year so that you can save on the premiums. Having the NCB benefit cancelled poses a problem for other policies because the premium will shoot up for future policies. By renewing your two-wheeler third-party insurance on time online, you can be assured of continuous coverage while saving big time. Staying insured also prevents one from experiencing any kind of financial loss. How Does Third-Party Insurance Protect You Third-party bike insurance is recommended for every two-wheeler owner in India. It is, therefore, a legal requirement to secure against financial liabilities and damages caused by one another. Heres how a bike insurance policy safeguards you: Legal Compliance According to the Motor Vehicles Act of 1988, bike owners must have third-party insurance. Failure to do so may result in severe fines, imprisonment, or even suspension of the riders license. Having a valid policy allows the rider to adhere to regulations and avoid any unnecessary legal troubles in the event of routine checks. Coverage for Third-Party Injuries or Death In some cases, accidents can lead to injuries or deaths of pedestrians or other motorists. In such cases, third-party insurance two-wheeler policies cover the medical expenses of the affected party while providing compensation. This ensures that one does not have to pay an enormous amount from his pocket. Financial Security Against Lawsuits If the accident victims demand compensation from uninsured riders, things can get nasty as it would result in a legal process. This is where third-party bike insurance comes in handy, as it takes care of legal expenses and settlements and also protects the insured from unforeseen financial stress. Riding with Peace of Mind Riding knowing that the insurance can compensate any third-party liability that occurs provides peace of mind for most riders. Accidents can happen at any time, but the availability of some financial protection ensures that you are prepared. With third-party insurance, you can escape the worries of financial uncertainties. Affordable and Easily Accessible Coverage Third-party insurance is cheaper than comprehensive insurance. It provides essential protection at a reasonable premium, which makes it a good option. You can buy third-party insurance online, and the digital process of issuing and renewing any policy is much easier. Insurance coverage on third-party two-wheelers protects against mishaps and protects you from financial misconduct. Third-party insurance for two-wheeler owners is a legal requirement and a smart investment. Online purchase for third-party insurance for two-wheeler owners provides an array of benefits.
![[UPDATED] Deported Indian fugitive may have tried to set up drug network](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FIGP_1748750912.jpg&w=3840&q=100)
![[UPDATED] Deported Indian fugitive may have tried to set up drug network](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
3 days ago
- New Straits Times
[UPDATED] Deported Indian fugitive may have tried to set up drug network
KUALA LUMPUR: Federal police are looking into the movements of the Indian drug kingpin who was arrested at a hotel here and deported back to India. The suspect, who was identified by various Indian news portals as Naveen Chichkar, 35 has a background in criminal psychology and also studied film and television in London. Inspector-General of Police Tan Sri Razarudin Husain said part of the probe into the fugitive would be to determine if he tried to set up a network in Malaysia. "We are looking into everyone he met, all the locations he went to and exactly what he planned to do in Malaysia. "We are not taking any chances. We do not want foreigners coming to Malaysia and setting up drug networks or conducting drug deals on our soil," he told the New Straits Times today. Razarudin said current intelligence suggested that this individual was running drug cartel activities from outside of his home country. "Through the Bukit Aman Narcotic Crime Investigation Department (NCID), we will liaise with our counterparts in India to exchange information and determine just how vast his operations were," he said. LINK: Yesterday, it was reported that the drug kingpin who entered the country on a tourist visa was found hiding out in a hotel in Kuala Lumpur. The man was nabbed in a joint effort by the Criminal Investigation Department (CID) and NCID police. The team, from federal police headquarters in Bukit Aman, nabbed the man in the hotel room about 1.35am on May 13. Razarudin said the man was repatriated to India on May 27 via a flight at 6.54pm. Further investigation revealed that the man was not involved in any drug trafficking activities in Malaysia. However, further action and intelligence efforts are being actively conducted by the NCID to determine if the man has any links to drug networks in the country. According to an Indian news portal, the Narcotics Control Bureau (NCB) there arrested a Navi Mumbai resident, alleged to be the kingpin of a "transnational drug syndicate", after securing his deportation from Malaysia on Wednesday. It reported that Naveen Chichkar, 35, was wanted in multiple cases registered by the NCB, and would be brought to Mumbai on Thursday afternoon, an official said. The cartel operated by Chichkar sold drugs in India worth RM635 million including cocaine and hybrid strain hydroponic weed that were sourced from the United States via cargo shipments. Another portal reported that Chickar studied film and television as well as criminal psychology in London and was running drug cartel operations from outside of India. The cartel primarily deals in cocaine and hybrid strain hydroponic weed. These substances would be smuggled into Mumbai via air cargo shipments from the US. Once in Mumbai, the drugs were distributed across various states in India. Investigations have also revealed that apart from selling drugs in India, the cartel was re-exporting them to foreign markets, including Australia.
Time of India
3 days ago
- Health
- Time of India
CM launches 8-month campaign against tobacco, spurious liquor & drugs
Bhubaneswar: State govt launched an eight-month-long awareness campaign to curb the use and spread of tobacco, adulterated and toxic alcohol and drugs on the occasion of World No Tobacco Day on Saturday. Tired of too many ads? go ad free now Inaugurating the campaign at a programme here, chief minister Mohan Charan Majhi said awareness is the only way to prevent tobacco-related deaths. "Despite knowing its dangers, people are unable to distance themselves from tobacco use. If one person can be made aware, then we can save a life. I want the awareness campaign to reach every household," he said. The state-wide awareness campaign will be conducted in four phases: from May 31 to June 26, from June 26 to Aug 15, on Oct 2, and from Dec 25 to Jan 15 next year. Majhi urged everyone to participate in the awareness campaign and to commit to a life free from addiction. He said that 100% of oral and lung cancers are caused by tobacco and cigarette consumption. "Everyone should be conscious of adopting a healthy lifestyle," he added. The influence of advertisements on the youth was also noted. The CM advised vigilance against misleading ads of tobacco, cigarette and liquor. He further said that efforts to curb illegal drugs, toxic and illicit liquor are being expedited through joint efforts of the excise, home department and Narcotics Control Bureau (NCB), with stringent actions taken against offenders. At the event, Majhi unveiled the logo, TV spots, theme song and information booklet for the campaign. Excise minister Prithiviraj Harichandan said the campaign has been initiated in Odisha for the first time. He called for the participation of other departments and civil society to spread awareness to all people. "Penalties under the Excise Act will be further tightened," he said. Ekamra-Bhubaneswar MLA Babu Singh, brand ambassador of the campaign and international sand artist Sudarsan Pattnaik, excise commissioner and secretary Guha Punam Tapas Kumar, and other officials were present.
Time of India
3 days ago
- Time of India
Procedural lapses in drug case, court acquits man
Mumbai: Observing that in cricket, the benefit of doubt goes in favour of the batsman, likewise, every benefit of doubt in criminal cases goes in favour of the accused. In yet another case of procedural lapses, a special NDPS court on Thursday acquitted a 39-year-old man, 16 years after he had been accused of possessing and intending to sell 25 kg of a party drug, methamphetamine, worth Rs 3 crore at Goregaon (E). The accused, Veer Bahadur Singh, absconded after his bail was cancelled by the Supreme Court. He was finally rearrested in 2023. "Due to the mixing of the contents of seven packets and again nine packets each before drawing any representative sample from each polythene bag, not only was the sanctity of the case property in the individual packet lost, but also the evidence as to how much each individual container weighed is also lost. Therefore, flouting of the above guidelines has caused prejudice to the accused as the punishment provided for the offence alleged is based on the quantity of the contraband recovered," the judge said. The judge stated that when the recovery of the contraband from the conscious possession of the accused after following all the procedural safeguards is not proved, there is no cogent, clinching, and reliable evidence about the fact that the accused conspired to procure, transport, or possess the contraband or abetted the commission of the offence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Advanced Strategic Management IIMK ASMP Apply Now Undo On Jun 8, 2009, at 5.45 pm, Narcotics Control Bureau (NCB) received a tip that a car was to transfer about 25 kg of methamphetamine to a taxi later in the evening. An NCB team began surveillance at the spot, and at 8.50 pm, a taxi arrived, followed by the car. Three individuals, later identified as three accused, exited the car, carrying a carton and a maroon trolley bag. They transferred these items to the taxi's trunk after the taxi driver, Singh, opened it. NCB officers surrounded the taxi and caught the four. On inspection, the maroon bag contained seven packets, and the carton contained 18 packets of a white crystalline substance. Field tests confirmed the substance was methamphetamine. Each of the 25 packets weighed 1 kg. The contents were combined into three main bags, weighing 7 kg, 9 kg, and 9 kg from which 5-gram samples were taken for further analysis. It was alleged that one of the accused provided information about another who allegedly arranged the transfer and another who manufactured the drug in Patiala. A total of seven accused were arrested in the case. In two other trials conducted earlier, the other accused were acquitted.
