Readers' Corner: General Insurance

An extended warranty policy covers the contingencies covered under manufacturers' warranty for an extended period

I had purchased a second-hand bike five years ago. I have recently got it transferred to my name. Until now I was buying insurance in the name of the previous owner. Now I want the policy to be changed to my name. I want to know the procedure for doing so, and the amount of time it will take.

Yes, you can get the policy changed to your name. You need to submit a request in writing to your insurance company within fourteen days from the date of transfer along with a copy of the transferred Registration Certificate, transfer fees