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third party motor insurance premium rates
Bike Car News

Govt To Increase Third Party Motor Insurance Rates From June 1

For the very first time, the Ministry of Road Transport and Highways (MoRTH), in consultation with the Insurance Regulatory and Development Authority of India (IRDAI) has announced an increase in the third-party motor insurance premium, effective from 1st June 2022. Here're the new base premiums for various categories: - ICE-powered Private Cars Engine CapacitySingle-year…
May 28, 20220Comments

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Bike Car News

IRDAI Suggests Higher Insurance Premium For Traffic Violators

A working group of the Insurance Regulatory and Development Authority of India (IRDAI) has suggested introducing the "Traffic Violation Premium" clause to own damage, basic/additional third party, and other types of motor insurance premium for those who violate traffic rules. IRDAI has welcomed the inputs of all stakeholders on the recommendations till 1st February 2021. The…
January 22, 20210Comments

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