what all can a 15 rs motor do?
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motor policies will now include personal accident protection that will cover the owner-driver for Rs 15 lakh in case of death due to accident while driving.
The move will go a long way in providing succour to families of accident victims, particularly two-wheeler owners who are often under-insured. Insurance regulator IRDAI has directed companies to include this cover to owner-drivers of all classes of vehicles for an additional premium of Rs 750 for the annual policy. This will be part of the mandatory insurance cover that all vehicle owners need to buy.
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