Question

The Ministry of Road Transport and Highways (MoRT

  • H has issued a draft notification dated 14 June 2023 proposing Motor Third Party Premium and Liability Rules for the Financial Year (F
  • I . With respect to the above draft, which of the following statements are correct? Statement 1: A discount of 15% in premium has been proposed for educational institution buses. Statement 2: A discount of 25% in premium has been proposed for a private car registered as a Vintage Car. Statement 3: A discount of 15% and 7.5% in premium has been proposed for electric vehicles and hybrid electric vehicles, respectively.
  • Y 2023-24, in consultation with Insurance Regulatory and Development Authority of India (IRDA
A Only 2 and 3
B Only 1 and 3
C Only 1 and 2
D 1, 2 and 3
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