Question
The Ministry of Road Transport and Highways (MoRTH) has
issued a draft notification dated 14 June 2023 proposing Motor Third Party Premium and Liability Rules for the Financial Year (FY) 2023-24, in consultation with Insurance Regulatory and Development Authority of India (IRDAI). 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.Solution
The correct answer is B
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