No Proposal for on spot third-party Insurance Cover for Motor Vehicle by Government:

No Proposal for on spot third-party Insurance Cover for Motor Vehicle by Government The Minister of Stated, Dr. Bhagwat Karad in the Ministry of Finance in a written reply to a question raised in Lok Sabha Stated, "No Proposal for on spot third-party Insurance Cover for Motor Vehicle by Government." The Questions that was raised by Shri Lavu Sri Krishna Devarayalu: (a) whether it is true that 40-50 per cent of all vehicles in India are uninsured; (b) if so, whether the Government is planning to introduce a mechanism that will provide mandatory on the spot third-party insurance cover for motor vehicle owners and if so, the details thereof; and (c) whether the Government has set a deadline for the same and if so, the details thereof? Replied by Dr. Bhagwat Karad: As per the information provided by Ministry of Road Transport & Highways (MoRTH) the total estimated vehicle fleet is 30.48 crore (excluding data from Madhya Pradesh, Andhra Pradesh and Lakshadweep), of which 16.54 crore vehicles are uninsured. MoRTH has informed that no such proposal is under consideration at present.