Commercial Vehicle

New rules on third-party Insurance


The Ministry of

Road Transport and

Highways (MoRTH), in consultati­on with the

Insurance Regulatory and Developmen­t Authority of

India (IRDA), has published

Motor Vehicles (Third-Party Insurance Base Premium and Liability) Rules, 2022 vide notificati­on dated May 25, 2022. The rules shall come into force with effect on June 01, 2022. As per the notificati­on, the base premium for thirdparty insurance for unlimited liability has been notified for various classes of vehicles. It implies discounts in premium including a 15 per cent discount for educationa­l institutio­n buses. A discount of about 15 per cent and 7.5 per cent on the premium has been notified for electric and hybrid electric vehicles, respective­ly.

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