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Motor Third Party Premium Rates 2022-23 PDF

May 26, 2022 by admin

Motor Third Party Premium and Liability Rules for the Financial Year 2022-23

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS
NOTIFICATION

The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 vide notification dated 25.05.2022. The rules shall come into force on 1st June, 2022.

In the said rules, base premium for third party insurance for unlimited liability has been notified for various classes of vehicles. Following discounts in premium are also allowed in the said rules-

  • A discount of 15% has been provided for Educational institution buses
  • A discounted price of 50% of the premium has been allowed to a private car registered as Vintage Car.
  • A discount of about 15 % and 7.5% on the premium has been allowed for Electric and Hybrid Electric Vehicles, respectively.
INFORMATION OF PDF FILE FOR FREE DOWNLOAD
Title of PDF File Motor Third Party Premium and Liability Rules for the Financial Year 2022-23 PDF Download
Language of PDF File English and Hindi Version
Size of PDF File 1335 KB
No of Pages in PDF File-
13
Motor Third Party Premium and Liability Rules for the Financial Year 2022-23 PDF Download
TP Rate Chart 2022 PDF | Motor Third Party Premium Rates 2022-23 PDF | Third Party Premium Rates 2022 | Motor 3rd Party Premium Rates 2022-23 PDF Download

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