Third Party Insurance For Cars, Two Wheelers To Become Costlier From June 16

Third Party Insurance For Cars, Two Wheelers To Become Costlier From June 16

Car and two-wheeler insurance will cost more from June 16 with regulator Insurance Regulatory and Development Authority of India increasing the mandatory third party motor insurance premium by up to 21 percent for certain categories. Normally, the mandatory motor TP insurance cover rates are revised from April 1. However, this time, the new rates for the fiscal 2019-20 will be applicable from June.

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