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Third Party Motor Insurance Premium To Increase
As per a TOI report, if the proposal by the insurance regulatory body goes through there shall be an increase in third-party insurance for both cars and two-wheelers. For hatchbacks not with engine capacity over 1000 cc and sedans with capacity ...

6 Reasons Why You Should Opt Comprehensive Motor Insurance
To adhere to regulatory requirements, while most people end up buying third-party motor cover which is mandatory as per The Motor Vehicles Act 1988 , you should however go in for the comprehensive policies. Below are given some of the benefits ...
IRDAI Proposes No Depreciation For Cars Up To 3 Years
Irdai has come out with a new proposal to determine the sum insured in case of motor vehicle including both 2-wheeler as well as private cars. In the proposal made, the working group on 'Product Structure for Motor Own Damage cover' ...
Motor Insurance Premium Hike Becomes Effective; Here Are The Details
Recently, the Insurance Regulatory and Development Authority of India (IRDAI) had notified of an increase in premium rates on third-party insurance cover for private two-wheelers and cars for the current financial year 2019-20. The new rates will be effective from 16 June ...
Third-Party Motor Insurance To Cost More From June 16
The premium for mandatory third-party liability insurance will be priced higher from June 16. For private cars with engine capacity up to 1000 cc, the premium will go up by 12% from Rs 1,850 to Rs 2,072 and for those with ...
Tax Exemption On Motor Insurance: All You Should Know
It may come as a surprise but like medical insurance you can also make a claim for insurance paid towards securing your vehicle, but here there is a catch and that is all makes the difference. Not just any motor insurance ...
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