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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. Let's 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