Q.Insurance to cost more from April 1st.

This is only third-party insurance rates right? Not the other ones - I hope.

[COLOR=#262626][FONT="]Increase in Cost Inflation Index (CII) has prompted Insurance Regulatory Authority (IRDA) to hike third party motor insurance premium rates to up to 40%. From April 1[SUP]st[/SUP], 2016 premium for cars below 1500 cc will go up by 40%, while cars with engine capacity above 1500 cc will see a hike of 25%.[/FONT][/COLOR] [CENTER] [ATTACH=CONFIG]n7306[/ATTACH] [/CENTER] [COLOR=#262626][FONT="]For two-wheelers, 15% hike for bikes and scooters between 75cc- 50cc. While, two-wheelers with engine capacity from 150 cc to 350 cc gets a 25% hike. However, premium rates on motorcycles above 350 cc will be reduced by 10 per cent.[/FONT][/COLOR] [CENTER] [COLOR=#262626][FONT="][ATTACH=CONFIG]n7305[/ATTACH][/FONT][/COLOR] [/CENTER] [COLOR=#262626][FONT="]E-rickshaw with a capacity of up to 6 passengers will be introduced and their basic third party premium will be fixed at Rs 1,125. Public carriers will witness a hike of 15-30 per cent. However, there will be no change in the premium of goods carrying vehicles having a capacity up to 12,000 kilograms.[/FONT][/COLOR]