Happy To Know The Small Car And Two-Wheeler Owners
Small car owners can get agreeable news very soon because motor insurance can come very soon. For the financial year 2018-19 of the Insurance Regulatory Authority of India (Insurance), the Insurance Regulatory Authority of India has released a draft of ‘Third Party’ vehicle insurance premiums.
There is a plan toward increase the premium on the other side freight vehicles. Insurance regulator IRDA has proposed a reduction in the premium for small cars and some two-wheeler insurance.
IRDA proposed that the.
The regulator has proposed lowering the premium for third party insurance from Rs 2,055 toward Rs 2,055 in case of low capacity cars, less than 1000 cc.premium for the e-rickshaw in the draft proposal has been increased from Rs 1,440 toward Rs 1,685.
This draft does not make any kind of change in the vehicles more than 1000 cc. At the same time, IRDA has proposed toward increase the premium of insurance on bikes of 150 toward 350 and above. There is no change in motorcycle cases of 75 toward 150 cc capacity. Apart from this, 7 cc two-wheelers are proposed to reduce the insurance premium from Rs 569 to Rs 427. Proposals have been proposed toward increase the premium on vehicles in the category of carriers.
