Why Car Insurance must for Revised Traffic Challan Rates?
                     Why Car 
Insurance must 
for Revised 
Traffic Challan 
Rates?
OverView
Amendments to the Motor Vehicle Act 
were passed by the Parliament 
recently but most have come into 
effect from September 1, 2019. This 
means that driving errors are going to 
make a huge dent in your monthly 
budget and some of them may cost 
you the same or more than your 
monthly fuel bill.
Enhancement of 
penalties
"penalty for offences where 
no penalty is specifically 
provided for- first offence 
from up to Rs 100 to Rs 500 
and second/subsequent 
offence from up to Rs 300 to 
Rs 1,500."
Expiry of driving 
licence
This would mean that if 
your driving licence is 
expiring in October 2020, 
then you can apply for 
renewal from October 
2019 till October 2021.
Change in residence address
Starting from September 1, if you 
wish to change the residence 
address or place of business in 
your driving licence, then same 
can be done online and you can 
apply for this to any registering 
authority within the state.
If your minor kid is held for 
driving the motor vehicle
Giving your minor child the keys 
to your car will become an 
expensive affair from September 
1. As per the new law, if the motor 
vehicle is used by the child, then 
the registration of your vehicle 
may be cancelled for one year.
Importance of Car Insurance
A car insurance can compensate 
you for any financial loss due to an 
accident, theft or natural calamity. 
Depending on the insurance you 
choose, you can also be covered for 
the third-party property damage, 
personal injuries or death.
Any Question?
You can visit Bajaj Finserv's offcial website
https://www.bajajfinserv.in/car-insurance