Tuesday, March 10, 2009

After Due Date (lapse) Two-Wheeler Insurance Becomes Dearer!

Bangalore: If your Two Wheeler Insurance has lapsed (The Oriental Insurance Company) and you want to renew the same, now need to pay an extra fee of RS 100 to ‘Auto Risk Management Services Pvt Ltd’. This fee is for the inspection of the vehicle which was initially done free of cost by the Insurance Company itself. Now they have tied up with this third party for their benefit. Common man can not oppose, as without the vehicle inspection, insurance policy cannot be renewed. This is a complete exploitation of the helpless customer. Government should take necessary steps to stop this in the benefit of the common mass. I also paid the RS 100 and got my insurance renewed. My bikes Insurance premium was RS 529. So at the end if we see I had to pay 19% extra to renew my insurance.
The above supplements the repeatedly proven fact that the genius of our ruling class is that it has kept a majority of the people from ever questioning the inequity of a system where most people drudge along, paying heavy taxes for which they get nothing in return.