Vehicle owners will need a valid PUC certificate to renew motor insurance, says IRDAI

Vehicle owners will need a valid PUC certificate to renew motor insurance, says IRDAI

The insurance regulator IRDAI has advised general insurance companies to ask for valid PUC or pollution under control certificates from policyholders at the time of the renewal of motor insurance policies.

In a circular issued on August 20, 2020, Insurance Regulatory and Development Authority (IRDAI) said, “Central pollution control board (CPCB) has raised concerns regarding the status of

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compliance of above direction of Hon’ble Supreme Court of India in National Capital Region of Delhi (Delhi – NCR). Please ensure that the direction of the Supreme Court of India is followed scrupulously with a special focus on compliance in the National Capital Region of Delhi (Delhi – NCR).”

It is worth mentioning that the Delhi NCR has been grappling with air pollution year-on-year and dangerous levels of toxic continues to affect millions of lives. Last year, Anumita Roy Chowdhury, executive director (research and advocacy), Centre for Science and Environment (CSE) had said that vehicles contribute 40 per cent of the total pollution load in the city.

What is PUC certificate?

It is a certificate that vets that the emissions passed from vehicles meets the pollution control standards. The pollution standards/emission levels are fixed for all types of motor vehicles in India

What does the latest norms on motor insurance say?

Sajja Praveen Chowdary, Head-Motor Insurance, Policybazaar.com: “In the latest circular issued by IRDAI, the regulator has advised all general insurers to mandate vehicle owners to provide a valid Pollution Under Control Certificate (PUC) at the time of renewal of their motor insurance policy. The regulatory body has asked insurers to ensure that the direction of the Supreme Court of India that stated insurers must not renew any motor policy until the vehicle owner provides a valid PUC certificate is followed strictly with a focus on compliance in the National Capital Region of Delhi…….Read More>>

 

Source:- techiyogiz

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