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Non Life Insurance - How is the premium charged under motor insurance?
icy is regulated by the India Motor Tariffs, operating in the Madras, Bombay, Delhi and Calcutta Regions. For private cars, the rating considerations are:

  • 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).