Liability Rules News Today

Recently, the Indian government introduced new draft rules regarding motor third-party insurance policies. These rules are important for all vehicle owners as they affect the premiums they pay for insurance coverage, especially for cars. Lets understand the details of these rules and what they mean for vehicle owners across the country.

As per a draft notification issued by the Ministry of Road Transport and Highways (MoRTH), the base premium rates for Motor Third Party Insurance Cover have been proposed at Rs 2,094 for private cars below 1,000 cc, Rs 3,416 for cars (between 1000-1500 cc) and Rs 7,897 for cars exceeding 1500 cc.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

15% discount proposed for buses of educational institutions and EVs, 7.5% for hybrid EVs

According to a draft notification, the base premium rates for third party motor insurance cover have been proposed at Rs 2,094 for private cars below 1,000 cc, Rs 3,416 for cars

The government on Tuesday proposed new base premium rates for third-party motor insurance for different categories of vehicles, including two-wheelers, passenger cars and commercial vehicles, for 2023-24 fiscal. As per a draft notification issued by the Ministry of Road Transport and Highways (MoRTH), the base premium rates for Motor Third Party Insurance Cover have been

As per a draft notification, the government has also proposed a 15 per cent insurance premium for electric vehicles and 7.5 per cent for hybrid electric vehicles.

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 ...

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