The ministry announced the proposed rates via a notification on the E-Gazette website on June 14, 2023. There has been no change proposed in the premium rates for third-party motor insurance for FY2023-24.
Proposed third-party motor insurance premiums for FY 2023-24
Related Post
Pay premium ‘as you drive, how you drive’Pay premium ‘as you drive, how you drive’
“As a step towards facilitating technology-enabled covers, Irdai has permitted general insurance companies to introduce tech-enabled concepts for the motor own damage (OD) cover,” the Insurance Regulatory and Development Authority
New switch on and off motor insurance add-on offers cashback: Will you get in case of claim?New switch on and off motor insurance add-on offers cashback: Will you get in case of claim?
If the app remains inactive or is switched off for a continuous period of 24 hours, the customer will earn one day as a reward. However, in the event of
You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies —