Important news for vehicle owners, insurance will go up from april 1
Mumbai: The Union Ministry of Road Transport & Highways has decided to increase the premium for third-party insurance in the new financial year. This year will see a huge increase as insurance premiums have not increased during the Corona period.
Transporters, including private vehicle owners, will now have to bear the additional financial burden of the insurance premium. (Vehicle Insurance Premium)
The All india Motor Transport congress, however, has opposed the central government's decision to increase the premium for third-party insurance.
 Since the advent of private insurance companies in the country, insurance premiums have been steadily increasing.
The All india Motor Transport congress (AIMTC) has said that it is wrong to increase the third-party insurance premium even though the number of accidents in the country has come down.
Baba Shinde also said that in the last two years, even though the vehicle was parked during the Corona period, the insurance was not extended.
Transporters in the country are already facing a steady rise in fuel prices and are facing financial difficulties due to road corruption, toll tax, and vehicle maintenance.The operation cost of the business is also getting harder.
Therefore, baba Shinde, a member of the All india Motor Transport congress, has demanded that the third-party insurance premium should not be increased.
There will be new premiums Vehicle Type - Premium car 1000 cc - 2094 1000 cc to 1500 cc - 3416 More than 1500 cc - 7897 - Bicycle 75 cc - 538 75 to 150 cc - 714 150 to 350 cc - 1366 More than 350 cc - 2804

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18/03/2022 05:27 PM