NDTV Profit
The Ministry of Road Transport and Highways has been considering a revision of third-party motor insurance premiums. Show Quick Read Summary is AI Generated. Newsroom Reviewed
Proposed revisions in third party insurance premiums could see some delay, sources told NDTV Profit. The Ministry of Road Transport and Highways has been considering a revision of third-party motor insurance premiums.
However, discussions between stakeholders have so far seen limited clarity and direction, according to sources present at the closed door discussions.
Resistance from transport organisations against revision in premiums has been cited as a major cause for delay.
Third-party insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover