Tag: Third Party Insurance

The notification was issued on Wednesday in consultation with the Insurance Regulatory and Development Authority of India. As per the latest notification, the rules shall come into force on June 1, 2022.

Even at a time when non-life insurers are raking in crores of rupees as premium and paying far less as claims under the motor third party liability policies, the Centre has proposed a hike in the vehicle insurance premium rates for 2022-23.