News From Press Higher compensation for third-party accidents may result in better premiums

Higher compensation for third-party accidents may result in better premiums

Source: Business Standard Jun 6, 2018

The Ministry of Road Transport and Highways recently amended the compensation for third-party accidents. The government has notified that the compensation for third-party accidents will be increased to Rs 500,000 for death and Rs 50,000 for permanent disability. The changes came into effect from May 22, 2018.

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