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Motor Insurance: GST reforms, repo rate relief, positive sentiment and festival demand from Navratri to Diwali led to record sales in automobile vehicles. India’s leading automobile manufacturers have reported this as their best-ever Diwali season.

CS Vigneshwar, president of the Federation of Automobile Dealers Association (FADA), said the surge highlights strong consumer confidence, further boosted by the GST rate cuts announced on September 22.

With the rise of passenger vehicles (2-wheeler and 4-wheeler), the demand for motor insurance has also risen in recent times. One of the popular type of motor insurance plans is integrated 3+3 long-term policies in the private car segment.

What Is 3+3-year long-term motor insurance plans?

It is a bundled insurance pl

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