Three years again, if you had to settle in one other state in India, you would have to register your automobile once more. As per the Motor Vehicles Act, a passenger automobile can’t be pushed for greater than 12 months in a non-registered state(s) with out acquiring a brand new registration mark to be assigned by the registering authority. Failing to achieve this would appeal to penalties and heavy fines.
This course of was fairly lengthy and cumbersome for automotive house owners. So, the Ministry of Road, Transport and Highways wished to rework it and thus launched Bharat Series quantity plates in 2021 throughout India. With the introduction of Bharat Series quantity plates, automobile house owners don’t need to re-register their automobiles when transferring to a brand new state/union territory.
If you have a job for which you have to transfer to a brand new state regularly, you ought to take the Bharat Series quantity plate. This isn’t just for saving your taxes but in addition in case your insurance declare will get rejected for not following highway guidelines.
It’s additionally not obligatory to replace your automotive insurance coverage every time you transfer to a brand new state with a BH series automobile. Your present insurance coverage will stay legitimate even when you relocate to a brand new state. Possessing a BH series automobile exempts the proprietor from the re-registration process when relocating between states or union territories, thereby lowering the need for coverage updates.
Who can apply for the BH series license plate?
You might be eligible for getting a BH series license plate if you are an Indian citizen working for the central or state authorities, banks, protection, administrative providers, and so forth. Employees working for non-public corporations with places of work in 4 or extra states/UTs also can apply for BH series quantity plates. When the BH series was launched by the federal government, it was restricted to new automotive house owners solely however a yr later, the federal government introduced that previous automotive house owners also can register their automobiles beneath the BH series.
Saving highway tax
Car house owners also can save intra-state tax when shopping for BH series licensed plates. This is as a result of when you purchase a brand new automotive and get it registered, you have to make a one-time cost of highway tax for 15 years. Whereas non-public automobiles with BH series license plates are subjected to highway tax for both two years or its multiples, together with 4, six, and eight years. The highway tax might be paid on-line for 14 years. After 14 years, annual highway tax cost is necessary.
Cost of BH series quantity plate
The price of a BH series quantity plate has three value slabs relying on the price of the automobile. For automobiles that price under Rs 10 lac, the applicant has to pay 8% of the bill value. For automobiles costing between Rs 10-20 lacs, the price can be 10% of the bill value and it will likely be 12% of the bill value for automobiles costing above Rs 20 lacs.
Buying complete motor insurance
Car house owners can simply purchase insurance for their BH series licensed plate automobiles by means of a number of insurance aggregator web sites. When your automotive is registered beneath the BH series, it will get endorsed within the insurance coverage. Lots of insurers are providing motor insurance covers for BH series automobiles. Also, the BH series quantity plate doesn’t have an effect on insurance premiums. You have the choice to evaluate numerous insurance insurance policies on-line and select essentially the most appropriate one as per your wants.
Moreover, there isn’t a distinction in insurance product choices for BH series automobiles as opposed to common automobiles. Insurance for BH series automobiles supplies the identical options as insurance for common automobiles together with Zero Depreciation, Engine protector, consumables cowl, roadside help, key & lock cowl, and so forth.
The location of the accident doesn’t have an effect on the declare course of. As lengthy as you have an insurance coverage protecting BH series automobiles, you can file for a declare no matter the place the accident occurred.
No declare bonus for previous automobiles
The no declare bonus received’t be misplaced if you change your automotive’s registration quantity to a BH series quantity. All you need to do is apply for a change within the registration quantity within the present coverage and the brand new BH quantity will get endorsed within the present coverage.
Renewal of insurance coverage
The legislation mandates automotive house owners to have a 3-yr Third-Party and one-yr Standalone Own Damage motor insurance coverage. So, if you purchased a automotive in 2021, it’s time for you to renew third-celebration motor insurance to cowl you towards any third-celebration losses incurred due to accidents, together with personal-harm motor insurance.
At the time of renewal, you can simply search for motor insurance for your BH series automotive on-line. All you have to do is simply select the make, mannequin, variant and registration yr to full the method. Thus, renewing insurance insurance policies on-line can cut back effort and time.
Written by Nitin Kumar, Head – Motor Insurance, Policybazaar.com
Disclaimer:The views expressed on this article are these of the creator and don’t characterize the stand of this publication.
