⚠️Important Notice: Third Party Premium Increase from 16 June onwards

Team Digit, 05 Jun 2019

 

Third Party Liability premium is regulated by IRDAI or the Insurance Regulatory and Development Authority.

This year it has been announced to be increased from 16 June 2019 onwards for all insurance companies.

Engine capacity

Premium currently

Premium from 16 June

Increase in premium

Less than 1000 cc

1850

2072

12.0%

1000 cc-1500 cc

2863

3221

12.5%

More than 1500 cc

7890

7890

No change

What does it mean for you?

Whether you are Buying or Renewing your car insurance policy on or after 16 June 2019, you will have to pay according to the increased premium.

Which cars is it applicable for?

It is applicable for all cars below a cubic capacity of 1500. There is no change in premium for cars above 1500 cc.

You can also read about this on the IRDAI website too. Here's the link: https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo3826

 

 

 

 

 

 

Team Digit

Digit is a General Insurance company on a mission to Make Insurance Simple for people. We are backed by Fairfax, one of the largest insurance companies in the world.

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