Non Life Insurance - How is the premium charged under motor insurance?
- Cubic Capacity of the Insured Vehicle.
- Insured's estimate of the full value of the vehicle and zone
in which the vehicle operates (The premium will also vary depending on whether
an 'A Policy' or a 'B Policy' is purchased).
icy is regulated by the India Motor Tariffs, operating in the Madras, Bombay, Delhi and Calcutta Regions. For private cars, the rating considerations are: