Mr. Adarsh Aggarwal, Appointed Actuary, Digit Insurance, ‘We will be implementing this change. The increase is in line with Third Party claims inflation trend. The variation is the increase in various segments is due to claim tendency.’
⚠️Important Notice: Premium Increase from 16 June onwards
1. Third party premium will be increased from 16 June 2019 onwards as per IRDAI notice to all insurance companies. 2. This is applicable for cars below 1500 cc and two-wheelers below 350 cc. | |||
Engine capacity
|
Premium currently
|
Premium from 16 June
|
Increase in premium
|
Pvt. Cars
| |||
Less than 1000 cc
|
₹ 1,850
|
₹ 2,072
|
12.0%
|
1000 cc-1500 cc
|
₹ 2,863
|
₹ 3,221
|
12.5%
|
More than 1500 cc
|
₹ 7,890
|
₹ 7,890
|
No change
|
Two-wheelers
| |||
Less than 75 cc
|
₹ 427
|
₹ 482
|
12.9%
|
75 cc-150 cc
|
₹ 720
|
₹ 752
|
4.4%
|
150 cc- 350 cc
|
₹ 985
|
₹ 1,193
|
21.1%
|
Above 350 cc
|
₹ 2,323
|
₹ 2,323
|
No change
|
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