08
Aug
#IRDAI #MotorInsurance #ThirdPartyPremium #InsuranceSector #VehicleInsurance #IRDAINews #MotorTP #InsuranceUpdate #IndiaFinance #AutoInsurance #InsuranceHike New Delhi: India’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), is preparing to raise motor third-party (TP) insurance premiums for the first time in four years, according to sources familiar with the development. The revision, expected to be announced in the coming weeks, comes amid rising underwriting losses for general insurers and sustained pressure on their profitability. Motor TP insurance is mandatory for all vehicle owners in India and provides coverage against legal liabilities arising from accidental death, injury, or property damage caused to third…