In the wake of the hike in third-party (TP) auto insurance premiums, to what extent will my current car insurance policy premiums be affected?
Ans: The impact of the increase in premium will depend upon the cubic capacity (cc) of your car. There is a 12 per cent TP premium hike up to 1,000 cc and 13 per cent in the vehicles exceeding 1,000 cc but not exceeding 1,500 cc.
There is no change in premium for cars where the engine capacity exceeds 1,500 cc. For more clarity, get in touch with your insurer.