I am telling you the Third Party Insurance Premium Rates of Insurance Regulatory and Development Authority IRDAI

IRDAI Third Party Insurance Premium Rates 2016

Motor Third Party Insurance Premium with effect from 01st April 2016

Premium with effect from 01st April 2016 (Rs)-

Private Cars
Not exceeding 1000 cc 2,055
Exceeding 1000 cc but not exceeding 1500 cc 2,237
Exceeding 1500 cc 6,164
Two Wheelers
Not exceeding 75 cc 569
Exceeding 75 cc but not exceeding 150 cc 619
Exceeding 150 cc but not exceeding 350 cc 693
Exceeding 350 cc 796
A1 Goods Carrying Vehicles Public Carriers (other than 3 wheelers)
GVW not exceeding 7500 kgs 14,39
Exceeding 7500 kgs but not exceeding 12000 kgs 15,365
Exceeding 12000 kgs but not exceeding 20000 kgs 22,577
Exceeding 20000 kgs but not exceeding 40000 kgs 24,708
Exceeding 40000 kgs 25,8
A2 Goods Carrying Vehicles Private Carriers (other than 3 wheelers)
GVW not exceeding 7500 kgs 7,849
Exceeding 7500 kgs but not exceeding 12000 kgs 11,528
Exceeding 12000 kgs but not exceeding 20000 kgs 9,39
Exceeding 20000 kgs but not exceeding 40000 kgs 12,821
Exceeding 40000 kgs 16,655
A3 Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles – Public Carriers
except e-carts 5,68
e-carts 3,969
A4 Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles – Private Carriers
except e-carts 4,2
e-carts 3,438
B Trailers
Agricultural Tractors upto 6 HP 510
Other vehicles including Miscellaneous & Special Type of Vehicles (Class-C), (For each trailer, for more please multiply by no. of trailers) 1,307

Premium with effect from 01st April 2016 (Rs.)

D Special Types of Vehicles
i) Pedestrian controlled Agricultural Tractors with Horse Power rating not exceeding 6HP, Hearses and Plane Loaders 897
ii) Other Misc & Spl types of vehicles 3,822

E Motor Trade (Road Transit Risks)
i) Distance not exceeding 2400 kms 1,088
ii) Distance exceeding 2400 kms 1,308

F Motor Trade (Road Risks) (Excluding Motorized Two Wheelers) – (Named Driver or Trade Certificate)
1st named driver or certificate 985
For additional drivers/ certificates up to 5 (per driver/certificate) 476
For additional Drivers/ Certificates exceeding 5 but not exceeding 10 (per driver/ certificate) 307
For additional Drivers/ Certificates exceeding 10 but not exceeding 15 (per driver/ certificate) 266

F Motor Trade (Road Risks) (Motorized Two Wheelers) – (Named Driver or Trade Certificate)
1st named driver or certificate 530
For each additional Driver/ Certificate 264

Premium with effect from 01st April 2016 (Rs.)

Basic TP Premium (per licensed
Premium (A) passenger) (B)*
C1a Four wheeled vehicles used for carrying passengers for hire or reward with carrying capacity not exceeding 6 passengers
Not exceeding 1000 cc 6,396 1,23
Exceeding 1000 cc but not exceeding 1500 cc 8,408 1,035
Exceeding 1500 cc 11,144 1,183

C1b Three wheeled vehicles used for carrying passengers for hire or reward with carrying capacity not exceeding 6 passengers
except e-rickshaw 1,733 829
e-rickshaw 1,125 538

C2 Four or more wheeled vehicles used for carrying passengers with carrying capacity exceeding 6 passengers for hire or reward 10,294 629

C3 Motorized three wheeled passenger vehicles used for carrying passengers for hire or reward with carrying capacity exceeding 6 passengers but not exceeding 17 passengers 4,155 829

C2 Three wheeled passenger vehicles used for carrying passengers for hire or reward with carrying capacity exceeding 17 passengers 10,294 629

C4 Motorized Two wheelers used for carrying passengers for hire or reward
Not exceeding 75 cc 702 473
Exceeding 75 cc but not exceeding 150 cc 702 473
Exceeding 150 cc but not exceeding 350 cc 702 473
Exceeding 350 cc 1,615 473

Contact-

IRDA

Head Office: Hyderabad
3rd Floor, Parisrama Bhavan,
Basheer Bagh,
Hyderabad - 500004,
Telangana, INDIA.
+91 40 2338 1100
+91 40 6682 3334