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|28th March 2012, 13:00||#16|
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Re: New Third Party Insurance Premium - Effective 1st April 2012
|19th February 2013, 10:26||#17|
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Join Date: Dec 2012
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Insurance Costs, Esp. Third Party to Soar by 85%!!
I hate to cite this, but acc. to TOI news, the Third Party Motor Insurance costs, which is mandatory for every vehicle, is all set to soar by 85 PERCENT
This means that whatever we are paying presently, we may end up paying double that amount against Insurance..costly affair!
The 85% hike in TP cost is in the segment under 1000CC which includes most entry level cars sold in India. Other segment cars will also have to face this hike but is expected to be less steep.
Here is the full news:
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