Irdai proposes to increase third-party insurance premium for cars, two-wheelers
Updated : May 21, 2019 07:09 AM IST
The Insurance Regulatory and Development Authority of India (Irdai) has proposed to increase the Motor Third Party (TP) premium rates for cars below 1000 cc to Rs 2,120 from the existing Rs 1,850 for fiscal 2019-20.
Normally, the TP rates are revised from April 1. However, this time, the Irdai had decided to continue with the old rates until further order.
The Irdai has also proposed a discount of 15 percent, on Motor TP premium rates for electric private cars and electric two-wheelers.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more