CAPCRE SERVICES PRIVATE LIMITED
AMFI REGISTERED MF DISTRIBUTOR
Date of initial registration: 17-09-2019
AMFI registration number: ARN-166314
Current validity of ARN: 16-09-2025

FAQs

Non Life Insurance

07 Mar 2003

No policy can be issued for a period of more than one year ordinarily. However, for motor cycles and scooters only, the Act Policy in Form A, which is the minimum compulsory insurance required by law, may be issued on a long term basis. Such policies once issued remain valid up to the cancellation of the registration of the vehicle by the Regional Transport Authority (R T A).

This insurance is particularly useful for owners of comparatively older vehicles, for whom the Comprehensive Cover becomes a little too expensive considering the age and market value of the vehicle. The premium for such insurance is charged in accordance with the Long Term Act Policy Premium Schedule.

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