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July 30th, 2016, 11:20 AM
Super Moderator
Join Date: Mar 2012
IRDA Motor Tariff

Hello sir, is there any one can provide me rates for IRDA motor tariff? Also provide me detail for IRDA Motor Tariff?

The IRDA is provides an erroneous impression that though the Fire, Engineering and Motor Damage stand detariffed, the insurers are constrained to charge only 20% less than the erstwhile tariff rate in respect of Fire and engineering and 10% less than the rate obtaining for Motor Damage.

Motor Insurance in India cannot be transacted outside the purview of the India Motor Tariff unless specifically authorized by the TAC.

Extension of Geographical Area:

The Geographical Area of Motor Policies may be extended to include
Sri Lanka

As the case may be, by charging a flat additional premium, as stated below for a period not exceeding 12 months:

For Package Policy: Rs.500/ per vehicle, irrespective of the class of vehicle.

For policies other than Package Policy: Rs.100/ per vehicle, irrespective of the class of vehicle.

Vehicles rateable under Class D of the Commercial Vehicles Tariff (CVT) 0.5% of IDV of the vehicle subject to a minimum of Rs. 2000/-

Vehicles rateable under Class E, F and G of the Commercial Vehicles
Tariff (CVT): Rs.50/-for twowheelers and Rs. 500/- for others

Premium rates IRDA Motor Tariff

Last edited by Neelurk; March 25th, 2020 at 12:11 PM.
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March 31st, 2022, 03:31 PM
Guest User
Re: IRDA Motor Tariff

pl.share the 2022-23 new commercial slabe rates
April 30th, 2024, 12:53 PM
Guest User
Re: IRDA Motor Tariff


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