Hii Buddy , I want to know Information About IRDA increases Motor Third Party Premium Rates , Would you plzz Provide me Same ?

IRDA Has Revised the Motor Third Party Premium w.e.f 01.04.2016

Thereafter all the Policies Commencing on or after 31th Midnight (12’00 clock) will have these Third Party Rates

1. Class of Vehicle – Private Car Premium in Rs.
a) Not exceeding 1000cc 2055
b) Exceeding 1000 cc but not exceeding 1500 cc 2237
c) Exceeding 1500 cc 6164

2. Class of Vehicle – Two Wheelers Premium in Rs.
a. Not exceeding 75cc 569
b. Exceeding 75 cc but not exceeding 150cc 619
c. Exceeding 150 cc but not exceeding 350cc 693
d. Exceeding 350cc 796


3. Class of Vehicle – Commercial Vehicle
A.1 – Goods Carrying Vehicle Public Carrier (Other than 3 Wheeler) Premium in Rs.
a. Gross Vehicle Weight (GVW) not exceeding 7500 Kgs 14390
b. GVW Exceeding 7500 Kgs but not exceeding 12000 kgs 15365
c. GVW Exceeding 12000 Kgs but not exceeding 20000 kgs 22577
d. GVW Exceeding 20000 Kgs but not exceeding 40000 kgs 24708
e. GVW Exceeding 40000 kgs 25800


A.2 – Goods Carrying Vehicle Private Carrier (Other than 3
Wheeler) Premium in Rs.
a) Gross Vehicle Weight (GVW) not exceeding 7500 Kgs 7849
b) GVW Exceeding 7500 Kgs but not exceeding 12000 kgs 11528
c) GVW Exceeding 12000 Kgs but not exceeding 20000 kgs 9390
d) GVW Exceeding 20000 Kgs but not exceeding 40000 kgs 12821
e) GVW Exceeding 40000 kgs 16655


A.3 – Goods Carrying Motorized 3 Wheelers & Motorized Pedal
cycle-Public Carrier Premium in Rs.
a.except e-carts 5680
b. e-carts 3969


A.4 – Goods Carrying Motorized 3 Wheelers & Motorized Pedal
cycle-Private Carrier Premium in Rs.
a. except e-catrs 4200
b. e-carts 3438


B – Trailers Premium in Rs.
a. Agricultural Tractors upto 6 HP 510
b.. Other Vehicles including Miscellaneous &
Special type of Vehicles (Class-D) 1307

IRDA increases Motor Third Party Premium Rates