Freedom from hassle of renewing your policy every year is another big positive that make people opt for long term two-wheeler insurance cover
Change in premium after modification will be limited to +/- 5% of the existing rates
The change in premium after modification will be limited to +/- 5 per cent of the existing rates
If Irdai approves proposed revision in 3rd-party premium, insurance on cars could rise by 15-20%
To protect their bottom lines, non-life insurers may up premiums in certain segments by 10-15%