Third-party motor insurance premium hiked w.e.f June 1: Check electric vehicle premium rates
The Centre
approved the revised base premium rates for third-party motor vehicle insurance
on Wednesday. From June 1, 2022, these new rates will come into effect. These
rates were last updated for the 2019-20 fiscal year and were stable during the
COVID-19 pandemic. The Insurance Regulatory and Development Authority of India
(IRDAI) notified the revised motor third-party insurance rates via a
notification on May 26, 2022.
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