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Motor insurance policy lapsed? Know your options of reviving a lapsed policy

One might miss the renewal date of one’s motor insurance policy. It might not have mattered so much in the past, as the fine was just Rs 1,000. However, with the new Motor Vehicle Act 2019, car owners now have to shell out Rs 2,000 for the first-time offence, while the fine doubles for repeated offence. Hence, you can approach an intermediary or an agent, insuring online, or simply walking into the office of any insurance company offering motor insurance, to revive your lapsed cover.

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