Motor insurance cover notes can be verified using the TIRA MIS Portal or TIRA MIS android app (from PlayStore). User is required to enter the sticker or motor vehicle number in the validate sticker or motor insurance cover note field and click validate.
The following are the benefits of insurance:-
Risk management is the identification, analysis and economic control of those risks which can threaten the assets or earning capacity of an enterprise.
An insurance policy is a contract between the insurance company and the policy owner, if the policy owner fails to report to the insurance company about an accident, the insurance company will not be able to entertain the claim made by any third party as the company has no contract with the Third Party.
Therefore, the insurance company will only be responsible for handling your claim if its policy owner has requested it to step into his shoes for the loss/damage caused by him in the accident.
The reasons are:-