News From Press Hike in Third Party Insurance premium proposed by IRDAI– Check how much you may pay for your vehicle

Hike in Third Party Insurance premium proposed by IRDAI– Check how much you may pay for your vehicle

As of now, the rates are proposals by IRDAI, while the final notification of the TP rates will happen at the beginning of the new financial year.

FE Mar 7, 2020

For some car owners, the premium towards insurance may go up while for two-wheeler owners, the hike in premium could be for all segments. The Insurance Regulatory Authority of India (IRDAI) has released a draft on the new Motor Third Party (TP) Liability rates for the financial year 2020-21.

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