Saturday, March 22, 2014
Non Insurance of E Rickshaws is affecting Owners as well as Passengers
Motor Vehicle Act does not recognize E-Rickshaw, which are being used on Delhi roads as well as in other cities.
The reason given is that this vehicle which came into existence in 2012 is not recognized under the Motor Vehicles Act –therefore it is not being insured.
Owners are worried that accidental damage / theft etc are not covered as insurance policy cannot be purchased.
Passengers are worried that they are not covered for accidental death / 3rd party risk if the vehicle is involved in an accident.
The early decision on insurance of these vehicles will be appreciated.