New Delhi, Jan. 29 -- Union Minister for Road Transport & Highways Nitin Gadkari on Tuesday called for including the road projects in the country into the ambit of insurance.
Addressing a Workshop on Motor Vehicle Insurance and Road Safety in the national Capital, Gadkari stated that the Supreme Court has made it mandatory for all new two wheelers to have a five-year third party insurance. Similarly, for cars and commercial vehicles, it is mandatory to have a three-year third party insurance. In case of default, there is a provision of fine up to Rs 2,000. Under the third party insurance, the responsibility of compensating an accident victim shifts from the vehicle owner to insurance company.
Underlining the importance of insurance, the M...