The premium for third-party liability insurance for vehicles is expected to go up in FY20. According to a draft published by the Insurance Regulatory and Development Authority of India (Irdai) on 20 May, the third-party insurance premium for private cars up to 1500 cc and two-wheelers up to 350 cc is expected to increase by up to 15.3% and 21.1%, respectively (see graphic). The premium for private cars over 1500 cc and two-wheelers above 350 cc is expected to continue at the FY19 rates.
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