Ref:
IRDAI/NL/ORD/MOTP/075/03/2020 27th
March, 2020
ORDER
Of
Insurance Regulatory
and Development Authority of India
Re:
Premium Rates for Motor Third Party Liability Insurance Cover
Reference is drawn to Order of the Insurance Regulatory and Development
Authority of India (IRDAI) bearing Ref: IRDAINL/NL/NTFN/MOTP/91/06/2018 dated 4th
June, 2019 on Premium Rates for Motor Third Party Liability Insurance Cover for
FY 2019-20.
2.
It is hereby notified that by virtue of powers vested in the Authority under
Section 14 (2) (i) of IRDA Act, 1999, the IRDAI hereby extends the validity of
premium rates set out in the aforementioned Order beyond 31st March,
2020, until further notice.
3.
In other words, insurers shall continue to charge the rates currently being
charged for Motor Third Party Liability Insurance Cover from 1st
April, 2020 onwards until further orders.
(YEGNAPRIYA
BHARATH)
CHIEF
GENERAL MANAGER (NON-LIFE)
|