A Supreme Court Committee on Road Safety has asked the Insurance Regulatory And Development Authority (IRDAI) to implement a mandatory three-year insurance policy for cars and five-year policy for motorbikes at the time of sale and registration. As per the sources at the Insurance Information Bureau (IIB), only 6.5 to 7 crore vehicles have insurance cover against approximately 18 crore registered vehicles on Indian roads. Government officials have stated that almost 50 per cent of vehicles plying on Indian roads have no valid insurance and a majority of them are two-wheelers.