OTHER GROUP COMPANIES
market

IRDA releases draft for review of third party insurance

The Authority invites all stakeholders to provide their comments on this draft proposal by 28 February 2014

February 21, 2014 11:59 IST | India Infoline News Service
The Insurance Regulatory and Development Authority (IRDA) on Thursday has released a draft proposal on revision of premium rates for motor third party insurance covers for financial year 2014-15.
The exposure draft is placed at IRDA website.
The Authority invites all stakeholders to provide their comments on this draft proposal by 28 February 2014, the IRDA said in a notification.
According to the draft proposal released by IRDA, premiums are likely to see a sharp rise of 25-137% on private four-wheelers.
Third-party insurance is a mandatory cover that pays expenses in case of damage by your vehicle to the life or property of a third person.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity