Third party Motor Insurance Premium will increase from 16th June

USNMix Report: Big news for cars and bikes,
third Party Insurance will be more expensive these days.

It will be expensive to purchase third party insurance for cars, motorcycles and scooters from June 16. Third party insurance premium rates have been increased from 12 to 21 percent in the new decision. That is, the common man will have to take more weight while buying small cars.

It will be expensive to purchase third party insurance for cars, motorcycles and scooters from June 16. Third party insurance premium rates have been increased from 12 to 21 percent in the new decision. That is, the common man will have to take more weight while buying small cars. Apart from this, premiums for other public goods vehicles including trucks will also increase. This will be the most common insurance companies. For instance, the simple insurance company ICICI Lombard is a big player in the Third Party Insurance Segment. Third party insurance premiums contribute about 30 percent of the company's books. Apart from this company, companies like GIC, New India Assurance will also have very good profits. Its participation in total premium of GIC is 8-9 percent. 

There will be so much premium on the car

If you have a small car of up to 1000 cc then now you have to pay a new premium of 2072 rupees. Earlier it had to pay 1850 rupees. Similarly if you have a car from 1000 cc to 1500 cc then now you have to pay a premium of Rs 3221. Earlier this premium was Rs 2863. Also, the cars above 1500 cc will have to pay Rs. 7890. Earlier, the premium was the same. No changes have been made in this.

Bike will have to pay so much premium

If you do two-wheeler, if you have a two-wheeler up to 75 cc then Third Party Insurance Premium will now be Rs 482. Earlier it was 427 rupees. Now, 75 percent of the premium of 75 cc and upto 150 cc two-wheeler will be paid. First it was 720 rupees. Vehicles up to 150 cc to 350 cc will have to pay Rs 1193. The first was 985 rupees and on the two-wheeler of 350 cc, there would be a premium of 2323 rupees (as before).