Mr Rajan Wadhera, President, SIAM on Third Party Motor Insurance Premium Rates unchanged for all vehicle categories for the Financial Year 2020-21

Updated: April 02, 2020, 10:11 AM IST

Mr Rajan Wadhera, President, SIAM stated that "We are thankful to the Insurance Regulatory and Development Authority of India (IRDAI) for keeping the Third Party Motor Insurance Premium Rates unchanged for all vehicle categories for the Financial Year 2020-21. This is in line with SIAM's submission to IRDAI on retaining premium rates and, thereby, avoiding an increase in the cost of vehicle acquisition for end consumers."

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