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MOTOR INSURANCE PREMIUM NEWS

Motor insurance premium, motor insurance, auto insurance, ministry of road transport and highways, Business news, Indian express, Current Affairs

MoRTH likely to delay third-party premium rates for motor insurance

March 27, 2023 6:54 am

According to industry sources, MoRTH will follow the same time line for the new fiscal year which effectively means the new rates will not be effective before June 1.

Rise in third-party motor cover premium rates to partially offset underwriting losses for insurers: Report

June 03, 2022 6:33 pm

Premiums for two-wheeler insurance have risen the most -- by 12-21 percent -- across engine capacities. For private cars, the maximum increase is 6 percent.

motor insurance, Motor insurance premium, third party motor insurance premium, Union Ministry of Road Transport and Highways, Insurance industry, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Technical issue’: Motor third party cover hike to be delayed and revised rates may come into effect after May 15

April 01, 2022 5:36 am

Further, in a bid to promote environment friendly vehicles, the draft notification has proposed a 15 per cent discount for electric private cars, electric two wheelers, electric goods carrying commercial vehicles and electric passenger carrying vehicles.

motor insurance, car insurance, automobile insurance

Withdrawal of long-term motor insurance cover: How will it impact you

July 21, 2020 1:22 pm

The honourable Supreme Court of India in its order issued in August 2018 had directed making long-term motor third-party (TP) policy mandatory for vehicles. As per IRDAI’s directive, general insurer companies could only sell only three kinds of motor insurance policies.

Third party motor insurance takes a steep hike to break even

February 17, 2014 1:58 am

Irda proposes a hike of up to 136.62% for small cars, but two-wheelers with big engines get a 61.97% cut in their premium.

Motor insurance premium raised 20% yet insurers say not enough to cover loss

March 29, 2013 1:53 pm

Vehicle owners have been hit by a huge payout yet the industry still wants more.

Choksi and his nephew Nirav Modi are wanted in the alleged Punjab National Bank fraud case that they allegedly orchestrated through fraudulent Letters of Undertaking in connivance with some bank officials at the Brady House branch in Mumbai.

‘Personal space, adequate light’: India assures Belgium on Mehul Choksi if extradited

India42 min ago

Four months after Mehul Choksi, the fugitive diamond trader wanted in India for the alleged Rs 13,000 crore Punjab National Bank (PNB) loan fraud case, was arrested in Belgium, India sent a letter of assurance to the country’s government, saying it will keep him in Mumbai’s Arthur Road jail complex, “if extradited”.

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