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Insurance companies getting premium for risk of owner for unlimited liability of third party. According to section 166 and 163 of Motor Vehicle Act 1988, compensation to injured or decease�s heir ..
The Motor Vehicles (Amendment) Bill, 2016 going to pass in loksabha , that restricts libility to pay compensation to maximum Rs.10 lakh in case of deceased and Rs. 5 lakh in case of injured towards third party claims by insurance companies.Current p ..
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