Tag: motor insurance

Long term motor insurance package cover set to return

Long term motor insurance package cover set to return

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Image for representative purpose only. | Photo Credit: Getty Images Long term motor insurance packages comprising mandatory Third Party and optional Own Damage covers are likely to make a comeback with insurance regulator IRDAI issuing an exposure draft seeking comments. “In order to allow policyholders a wider choice, it is proposed to permit all general […]

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Third-party motor insurance premium to go up from June 1

Third-party motor insurance premium to go up from June 1

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The Ministry of Road Transport and Highways (MoRTH) on May 25 increased the third-party (TP) motor insurance premium for various categories of vehicles with effect from June 1, a decision which is likely to jack up the insurance cost of cars and two-wheelers. According to the revised rates notified by the MoRTH, private cars with […]

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