▪️Road Transport Min & IRDAI Notify New Motor Third Party (TP) Insurance Premium
▪️New Motor Third Party Premium Effective From June 1, 2022
▪️Revision In Motor TP Premium Proposed For The First Time In Nearly 3 Years
#Insurance #MotorInsurance #Auto #MotorThirdParty #IRDAI
🚘FOR NEW PRIVATE CARS
Premium For New Private Cars Hiked🔺1-23%
▪️Under 1000cc: Premium Hiked🔺23%
▪️Over 1000cc But Under 1500cc: Premium Hiked🔺12%
▪️Exceeding 1500cc: Premium Hiked🔺1%
🛵FOR NEW TWO WHEELERS
Premium For New Two Wheelers Hiked🔺15-177%
▪️Under 75cc: Premium Hiked🔺177%
▪️Over 75cc But Under 150cc: Premium Hiked🔺17%
▪️Over 150cc But Under 350cc: Premium Hiked🔺35%
▪️Over 350cc: Premium Hiked 🔺16%
⚡️🚘 FOR NEW PRIVATE ELECTRIC CARS
▪️Under 30 KW: Premium Hiked 🔺27%
▪️Over 30 KW but Under 65 KW: Premium Hiked 🔺11%
▪️Over 65 KW: Premium Hiked 🔺1%
⚡️🛵FOR NEW ELECTRIC 2 WHEELERS
▪️Under 3 KW: Premium Hiked 🔺177%
▪️Over 3 KW but Under 7 KW: Premium Hiked🔺17%
▪️Over 7 KW But Under 16 KW: Premium Hiked 🔺35%
▪️Over 16 KW: Premium Hiked 🔺16%
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