Latest News
-
Rs 40/Share Dividend: Small Cap Under Rs 100 To Hit Ex-Date In 4-Days, Gains 74.21% In 1-Week -
1:2 Bonus, Rs 401/Sh Dividend; Tata's NBFC Stock Falls On Big Update Related To Dividend Recommendations -
Crude Oil Prices Soar 4% Amidst Rising Middle East Conflict; Brent Surges Past $90 A Barrel -
Bloodbath In Stock Market: Sensex, Nifty Crashes By 1% On April 19; 10 Key Points Here -
Black Friday For Market? Sensex & Nifty Decline For The 5th Straight Day Amidst Rising Geopolitical Tensions -
Rupee Falls To Record Low Against US Dollar As Israel Strikes Iran -
Adani Ports: Why Adani Group's Cash-Cow Stock Falls Amid Israel-Iran Conflict? Explained! -
Iran-Israel War: How It Impacts Nifty, Sensex And Indian Rupee -
Rs 5/Share Dividend: Record Date In Due Course; Buy The Capital Goods Stock? -
Stocks To Buy: 2 Trade Calls By Chandan Taparia of Motilal Oswal On Friday, 19 April
3rd Party Vehicle Insurance Premium Hike Put On Hold
The Insurance Regulatory and Development Authority of India (IRDAI) has issued an order saying that the existing third-party insurance premium rates for the year 2019-20 stand extended beyond 31 March until further notice.
The insurance regulator in an order dated 27 March has said that the validity of premium rates for motor third-party liability insurance cover set out for the year 2019-20 stand extended beyond 31 March 2020, until further notice.
"Accordingly, all insurers shall continue to charge the rates currently being charged for Motor Third Party Liability Insurance Cover from 1st April 2020 onwards until further orders," says the order.
IRDAI in an exposure draft issued on 5 March 2020 had proposed a substantial increase in the third-party motor insurance premium rates for the financial year 2020-21.
The decision to postpone the hike may be in the light of the ongoing 21-day lockdown in the country. The government has already postponed several compliance deadlines and announced relief for the common man to ease the inconvenience caused by the lockdown.
