The
premium rates are specified by the IRDA and are identical across insurers.
However, there is one instance when an insurer can ask for a higher
premium: if you have a track record of making claims, the insurer
can hike the premium rate in vehicle insurance. The premium payable
As percentage of the IDV- by up to 100 per cent.
|
| Premium
Break-up for Four-wheelers |
| Vehicle
Age |
up
to 1,000 cc |
1,000-1,500
cc |
over
1,500cc |
| Risk
of theft and damage to vehicle: |
| Zone
A |
| Up
to 5 years |
3.127 |
3.283 |
3.440 |
| 6-10
years |
3.283 |
3.447 |
3.612 |
| Over
10years |
3.362 |
3.529 |
3.698 |
| Zone
B |
| Up
to 5 years |
3.039 |
3.191 |
3.343 |
| 6-10
years |
3.191 |
3.351 |
3.510 |
| Over
10years |
3.267 |
3.430 |
3.594 |
| Third-party
liability 2 |
500 |
600 |
700 |
| Occupants
3 |
| Driver |
25 |
25 |
25 |
| Passengers
4 |
200 |
200 |
200 |
Zone
A: Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai,
New Delhi and Pune;
Zone B Rest of India
1Premium in Rs as percentage of IDV
2 For cover up to Rs 6,000 On payment of an additional
Rs 100, this cover can be increased to Rs 7.5 lakh
3 Cover of Rs 1 lakh per person; 4 For
four passengers at Rs 50 per person
All figures are in Rs and as of August 2000
|
|
|
