Ministry of Road Transport and Highways (Ministry) vide Ref: G.S.R. 215(E). dated March 17, 2022 has issued draft Motor Third Party Premium and liability Rules (“Proposed Rules”) for the Financial Year (FY) 2022-23.
The highlights of the Proposed Rules are as follows:
- The Proposed Rules shall be applicable for FY 2022-23.
- There is no change in Motor TP Premium Rates prescribed in the Proposed Rules and in the draft rates proposed by Ministry vide Ref. No. RT-11036/194/2021-MVL dated March 4, 2022 which was circulated earlier on March 08, 2022.
- Concerned stakeholders have been advised to refer objections and/or suggestions, if any to these Proposed Rules within 30 days from the notification to the Joint Secretary (MVL, Transport & Toll) and IRDAI.
Source category: IRDAI
Attachments
- /2022/6_Motor_TP_Premium_rates_2022-23.pdf
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