Sentences with phrase «party car insurance premium»

Not exact matches

Every car insurance premium has two primary portions: a) own damage premium and b) third party premium.

Lawsuits should result in fair verdicts and settlement amounts that hold guilty parties and insurance companies accountable - not lottery tickets that game the system and everyone pays for, through higher car insurance premiums.

Telematic Car Insurance — The use of a device which measures how safely the insured party drives in exchange for a lower premium.

The Insurance Regulatory and Development Authority (IRDA) has allowed general insurance companies to hike the premium of third party insurance cover of passenger cars by up to 40 per cent for the fiscal 2Insurance Regulatory and Development Authority (IRDA) has allowed general insurance companies to hike the premium of third party insurance cover of passenger cars by up to 40 per cent for the fiscal 2insurance companies to hike the premium of third party insurance cover of passenger cars by up to 40 per cent for the fiscal 2insurance cover of passenger cars by up to 40 per cent for the fiscal 2016 - 17.

In the exposure draft on revision in premium rates for motor third - party (TP) insurance covers for 2014 - 15, released on Tuesday, Irda proposed an increase of 25 - 137 per cent for private cars and 1 - 45 per cent for two - wheelers.

Private car and two - wheeler owners have a reason to rejoice: The Insurance Regulatory and Development Authority (Irda) has increased motor third - party premium only 9 - 20 per cent, against the proposal of up to 137 per cent.

Insurance premiums might rise by nine to 30 per cent across categories in private cars, two - wheelers and commercial vehicles, with the Insurance Regulatory and Development Authority of India (Irdai) proposing a revision in motor third - party premiums.

Third - party motor insurance premiums would see an increase of 10 - 40 per cent from April 1 in the private cars and two - wheeler segment.

In the draft on revision in premium rates for motor third - party insurance covers for 2014 - 15, released on Tuesday, Irda proposed an increase of 25 - 137 per cent for private cars and 1 - 45 per cent for two - wheelers.

The IRDAI decides the premiums for the third party car insurance.

Sanjay Datta, the chief (Underwriting and Claims) of ICICI Lombard General Insurance said that private car and two - wheeler customers will have limited impact of the hike in third - party premium as it constitutes a small component of the total premium.

Most recently, for cars exceeding 1,500 cc, insurance premiums for third - party cover have been raised by nearly 30 per cent, effective April 2015.

According to Sanjay Datta, chief of underwriting and claims, ICICI Lombard General Insurance, the share of third party component for private cars in the whole premium is 15 %.

Apart from average rise of 38.8 per cent in insurance premiums for private cars proposed by Irda, general insurers have also sought an additional raise in third - party motor premiums.