Third party motor insurance premium to get pricier as IRDAI revises rate card

Insurance Regulatory and Development Authority of India(IRDAI) has released a draft notification on third-party motor insurance.Third-party insurance is the portion of an insurance policy that protects you if you’re held legally responsible for a physical injury or damage to someone else’s property. The notification proposes a 15% hike in third party (TP) motor insurance premium… Continue reading Third party motor insurance premium to get pricier as IRDAI revises rate card