Shock: Third-party insurance for vehicles has become expensive, What are the new rates
Where on the one hand the government had given some relief by cutting excise duty to reduce the prices of petrol and diesel. At the same time, now a new decision shocked the common man. If you have a car, now you have to spend more money on third-party insurance. Now Third party insurance is expensive. Let us tell you, there was no change in the rates of third-party insurance for the last two years.
When was the decision implemented?
In the notification issued by the government, it has been said that the new rates of third-party insurance were effective from June 1, 2022. The last change in third party insurance was done in 2019-20. After this the rates were not increased in 2020-21 and 2021-22. Now once again there has been an increase in the rates. That is, from next month you will have to spend more money on third-party insurance.
What will be the new rates
Train Capacity - New Rate (Rs.)
Vehicles up to 1000 cc - 2,094
Above 1000 cc and up to 1500 cc - 3416
Above 1500 cc - 7,897
up to 75 cc - 538
Above 75 cc and up to 150 cc - 714
Above 150 cc and up to 350 cc - 1,366
Above 350 cc - 2,804
Electric private cars with a capacity of up to 30KW will now have to pay a premium of Rs 1,780. At the same time, an electric private car with a capacity of more than 30KW and up to 60KW will have to pay a third party premium of Rs 2,904.