News Non-Life23 Jan 2018

India:Uninsured two-wheelers to cost millions in lost premiums

23 Jan 2018

Premiums lost in compulsory motor third party liability (MTPL) business from uninsured two-wheelers is forecast to rise to INR520 billion (US$8.2 billion) in the fiscal year ending 31 March 2025 from INR56.41 million in FY2016, if the uninsured rate of 75% continued in the segment, according to the insurance regulator IRDAI.

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