Thread by @YashJain88

▪️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

https://twitter.com/yashjain88/status/1529476665700601857

🚘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%