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TP PREMIUM
SC's ₹30,000 homemaker benchmark may lift accident compensation payoutsA Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantl...- Retail health premium growth rises to 31% YoY in April 2026, anchoring non-life insurance sector: Kotak Institutional SecuritiesIndian non-life insurance saw robust growth in April 2026. Retail health premiums surged 31 percent year-on-year. Motor insurance also perf...
- Third party premiums take the wheel in motor cover growthTP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ...
- Third-party motor cover may cost more from AprilInsurance companies in Mumbai anticipate a 15-20% hike in third-party motor insurance premiums from April 1 due to increasing claims and st...
- Govt proposes hike in 3rd-party motor insurance premium from next fiscalAccording to the proposed revised rates, private cars with 1,000 cubic capacity (cc) will attract rates of Rs 2,094 compared to Rs 2,072 in...
- IRDA finds abuse of motor third-party pool; to go in for 'declined pool' to eliminate arbitragingIt has said it will step in to stop smaller private general insurers from deriving undue arbitrage advantage from the motor third-party poo...
- IRDAI proposes to hike third-party insurance premium for cars, two-wheelers for FY 2020-21The IRDAI has proposed to increase the Motor Third Party (TP) premium rates for cars with engines below 1000 cc to Rs 2,182 from the existi...
- Irdai proposes to increase third-party insurance premium for cars, two-wheelersNormally, the TP rates are revised from April 1. However, this time, the Irdai had decided to continue with the old rates until further ord...
- Motor insurance: Should you opt for lower IDV, voluntary deductible to reduce premium payable?Insured Declared Value means the maximum value for which your car is insured in case of total loss/theft in a particular year.
- GST on third-party motor insurance cover may dipTOI has learnt that the issue of high GST on premium came up for discussion at a meeting at Prime Minister’s Office.
- IRDA to stop fixing 3rd party insurance premium from 2021Transporters have been demanding that the regulator fix the cap for premium and allow insurance firms to offer discounts so that policy buy...
- New rules of third-party insurance: Should you buy package or bundled policy now?For new buyers, there will be three options- Long-term package, bundled package, and a standalone TP cover.
- New third-party motor insurance rules: Who pays more and what happens to NCBFollowing a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor cov...
- Motor vehicle 3rd-party cover premiums to become cheaperIrdai has released exposure draft on premium rates for motor third-party (TP) insurance covers for 2018-19 fiscal and has invited stakehold...
- Third-party motor cover may pinch, IRDA examines proposal that seeks highest 137% hike for entry-level carsThe revision will hit owners of the entry-level cars - below-1,000CC segment - the most as the rise in TP cover proposed for this category ...
- Insurers may provide Rs 6,500 crore more for TP motor poolInsurers in TP motor segment may have to provision Rs 6,500 cr more to comply with IRDA's directive, a CRISIL report today said.
- Higher provisioning in third party motor insurance to increase insurers' lossesHigher provisioning requirement in third party motor insurance segment by the insurance regulator (IRDA) is likely to increase losses.
- Long-term cover for 2-wheelers in worksRemember the popular Hero Honda punch line ‘Fill it. Shut it. Forget it!’ A similar concept is being developed by the general insurers for ...
- Motor pool to help PSUs ride out of lossesPublic sector insurers continue to write the lion’s share of motor third-party insurance premium.
- Detariffing to hit insurers' marginsDetariffing will increase underwriting losses of insurance firms since benefits from the increase in motor (TP) third party premia may not ...
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