Third party motor insurance premiums are normally reviewed in the month of march & made applicable in April every year. But in the year 2019-2020 the hike in the rates was deferred by some time which have now been made applicable from june 16 2019. The insurers have also been asked to make the facility available at all the underwriting offices of their companies. They have also been directed to publish the TP motor premium rates on their websites & also display the same on notice boards in their office. The new vehicle owner have to buy the mandatory third party insurance for three & five years in case of new cars & two wheelers respectively. The old vehicle owner can buy the yearly cover as per the previous practice.
Detail of TP motor premium for all vehicle
