Bad news! Car insurance will be 50% costlier from today

New Delhi: New financial year starts today. The rules applicable in many areas till March 31 will no longer be applicable from April 1.  For some services you will have to pay more from April 1, health and car insurance are two of these

From April 1, the general insurance companies have been allowed by regulator IRDAI to pay more commission to insurance agents and charge more for third party insurances in case of vehicles  

Third party insurance is must for all vehicles. From April 1 this will cost you  40% to 50% more depending on vehicle type. But there is no increase in case of two wheelers with capacity less than 75 cc and for private cars with engine capacity below 1000 CC.

News24Bureau