IRDAI okays insurance for e-vehicles, quadri-cycle

IRDAI okays insurance for e-vehicles, quadri-cycle

Chennai: Insurance regulator IRDAI has approved a third-party motor premium increase of 4.4% for bikes and 12% for cars. The regulator has also introduced two new categories — electric vehicles and a quadri-cycle, an upcoming segment for intra-city shared mobility.

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