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IRDAI reduces third party insurance rates

IRDAI reduces third party insurance rates

Monday, April 17, 2017, 6:05 PM

Insurance sector regulator IRDAI today reduced motor insurance premium rates in most of the segments like two-wheelers, cars and trucks by modifying the rates for 2017-18 issued three-weeks ago. The modified ‘premium rates for motor third party liability insurance cover’ will apply retrospectively from April 1, the Insurance Regulatory and Development Authority of India (IRDAI) said in an order.
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