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Motor Third Party premium upward revision may not happen on April 1

There is some good news for the vehicle owners and buyers. The unjustified motor third party premium hike may not happen on April 1 as expected by the non-life insurers but later in that month.The Ministry of Road Transport and Highways on ...
Tamil Nadu Venkatachari Jagannathan Insurance Council Motor Third Party Premium Insurance Information Bureau Of India Development Authority Of India

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'No justification for hiking motor third party premium'

Even at a time when non-life insurers are raking in crores of rupees as premium and paying far less as claims under the motor third party liability policies, the Centre has proposed a hike in the vehicle insurance premium rates for 2022-23.
Venkatachari Jagannathan Insurance Council Insurance Information Bureau Of India Development Authority Of India Road Transport Insurance Regulatory

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