INSUBCONTINENT EXCLUSIVE:
Road transport ministry has proposed a hike in third-party motor insurance premium ratesNew Delhi: Road transport ministry has proposed a
hike in the third-party motor insurance premium for various categories of vehicles, which will lead to increase in insurance premium costs
(cc) will attract rates of Rs 2,094 compared to Rs 2,072 in 2019-20.Similarly, private cars with 1,000 cc to 1,500 cc will attract rates of
cc but not exceeding 350 cc will attract a premium of Rs 1,366 and for two-wheelers over 350 cc the revised premium will be Rs 2,804.After a
rates for hybrid electric vehicles is proposed, the draft notification said, adding that this will be an incentive to use
environment-friendly vehicles.While electric private cars (not exceeding 30KW) will attract a premium of Rs 1,780, for electric private cars
(exceeding 30 KW but not exceeding 65 KW) premium will be Rs 2,904.The premium for goods carrying commercial vehicles (exceeding 12,000 kg
