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Old 28th March 2012, 13:00   #16
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Default Re: New Third Party Insurance Premium - Effective 1st April 2012

Originally Posted by libranof1987 View Post
Has there been any differential hike for petrol and diesel vehicles? Or is it standard across vehicles depending on engine capacity?
TP premium is based on the engine capacity. Some Insurance companies charge the Own Damage Premium based on vehicle fuel type.

Originally Posted by mac187 View Post
I wonder on what logic is this based?

Two Wheelers
>75cc <150cc = 357
>150cc <350cc = 355

Why is it cheaper for a higher CC two wheeler?
I believe it may have been a typo error in the IRDA circular . Anyways will wait and watch if they are sending a revised circular.
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Old 19th February 2013, 10:26   #17
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Default Insurance Costs, Esp. Third Party to Soar by 85%!!

Hello bhpians,

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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