Increasing the premium for other vehicles like motor insurance india online and two-wheeler insurance policy is comprehendible as accident rate by such vehicles is on the rise. Rickshaw Panchayat convenor Nitin Pawar has questioned the IRDA’s decision of premium hike as the accident and mishap rate of autorickshaws is minimal. He is of the opinion that the annual premium should be reduced if instances of accidents reported are less. This revision and rise in the premium cost will surely burden the autorickshaw operators.
Revision in the premium price of private vehicles does not prove to be burdensome, as such motor insurance india online policies are procured by individuals belonging to the high-income group. Also, with the type of facilities available when you buy car insurance, a price hike on the premium amount does not affect to a great extent.
This issue of premium hike was discussed by the chief minister of Maharashtra and the demands, however, were not accepted. Pawar further stated that this issue will now be discussed with the Regional Transport Office and seek a renewal in the annual permit should the government fail to stop the revision of premium.
The Rickshaw Panchayat also stated that the local administration along with the state government, failed to maintain adequate supply of CNG. After the compulsion of using LPG and CNG for public vehicles, the government has not made necessary arrangements to ensure that adequate supply of these fuels are present for public vehicles.
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