Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator Irdai proposing substantial increase in premium rates for the current financial year.
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 ₹2,120 from the existing ₹1,850 for the fiscal 2019-20.