Shell out more from the new financial year
Posted on: 01/Apr/2017 1:48:41 PM
Today marks the beginning of new financial year. The yesteryear rules have gone obsolete. From today, you will have to spend more for a number of services. As per the new norms, there are more to spend as penalty. Below are full details of the same:
For health insurance and vehicle insurance, more should be shelled out. The insurance regulator IRDAI has permitted the general insurance companies to pay more commission for their insurance agents. They can also increase third party insurance for vehicles.
Based on the vehicle type, there will be increase in third party insurance of the range 40 to 50 percent. At the same time, there is no such hike in insurance premium for private cars that have insurance capacity below 1000 CC and two wheelers that are above75 CC
