It’s that time of the year when I.R.D.A. (Insurance Regulatory & Development Authority) announces new T.P. Rates for Motor Insurance to be followed by all Insurers pan India. Every year there is an increase/decrease in these rates that the regulator calculates on the basis of claims ratio & other important criteria.
The formula for the same & calculation method is detailed for your reference here.
This year I have compiled the data along with previous year rates so that increase is clearly evident for easy calculation at a glance.
Revised Motor Third Party Premium w.e.f. 01/04/2017 by I.R.D.A.
2 Wheelers 
Current 
Previous 
a) Not exceeding 75 C.C. 
₹ 569.00 
₹ 569.00 
b) Exceeding 75 C.C. but not exceeding 150 C.C. 
₹ 720.00 
₹ 619.00 
c) Exceeding 150 C.C. but not exceeding 350 C.C. 
₹ 887.00 
₹ 693.00 
d) Exceeding 350 C.C. 
₹ 1,019.00 
₹ 796.00 
Private Car 
Current 
Previous 
a) Not exceeding 1,000 C.C. 
₹ 2,055.00 
₹ 2,055.00 
b) Exceeding 1,000 C.C. but not exceeding 1,500 C.C. 
₹ 2,863.00 
₹ 2,237.00 
c) Exceeding 1,500 C.C. 
₹ 7,890.00 
₹ 6,164.00 
Goods Carrying Public Carrier (Other than 3 Wheeler) 
Current 
Previous 
a) G.V.W. not exceeding 7,500 K.G. 
₹ 14,390.00 
₹ 14,390.00 
b) G.V.W. exceeding 7,500 K.G. but not exceeding 12,000 K.G. 
₹ 19,667.00 
₹ 15,365.00 
c) G.V.W. exceeding 12,000 K.G. but not exceeding 20,000 K.G. 
₹ 28,899.00 
₹ 22,577.00 
d) G.V.W. exceeding 20,000 K.G. but not exceeding 40,000 K.G. 
₹ 31,626.00 
₹ 24,708.00 
e) G.V.W. exceeding 40,000 K.G. 
₹ 33,024.00 
₹ 25,800.00 
Goods Carrying Private Carrier (Other than 3 Wheeler) 
Current 
Previous 
a) G.V.W. not exceeding 7,500 K.G. 
₹ 7,938.00 
₹ 7,849.00 
b) G.V.W. exceeding 7,500 K.G. but not exceeding 12,000 K.G. 
₹ 14,330.00 
₹ 11,528.00 
c) G.V.W. exceeding 12,000 K.G. but not exceeding 20,000 K.G. 
₹ 9,871.00 
₹ 9,390.00 
d) G.V.W. exceeding 20,000 K.G. but not exceeding 40,000 K.G. 
₹ 14,805.00 
₹ 12,821.00 
e) G.V.W. exceeding 40,000 K.G. 
₹ 21,318.00 
₹ 16,655.00 
Goods Carrying Motorized Pedal Cycles & 3 Wheelers 
Current 
Previous 

a) Public Carrier 
E Carts 
₹ 3,969.00 
₹ 3,969.00 
Except E Carts 
₹ 5,680.00 
₹ 5,680.00 

b) Private Carrier 
E Carts 
₹ 3,438.00 
₹ 3,438.00 
Except E Carts 
₹ 4,200.00 
₹ 4,200.00 
Trailers 
Current 
Previous 
a) Agricultural Tractors upto 6 H.P. 
₹ 653.00 
₹ 510.00 
b) Other Vehicles including Miscellaneous & Special type of Vehicles 
₹ 1,673.00 
₹ 1,307.00 
Note: This rate is for one trailer, for more trailers, multiply by no. of trailers.
Passenger Carrying for Hire or Reward 

4 Wheelers with Seating Capacity less than 6 passengers 
Current (A) 
Current (B) 
Previous (A) 
Previous (B) 
a) Not exceeding 1,000 C.C. 
₹ 6,396.00 
₹ 1,230.00 
₹ 6,396.00 
₹ 1,230.00 
b) Exceeding 1,000 C.C. but not exceeding 1,500 C.C. 
₹ 8,408.00 
₹ 1,035.00 
₹ 8,408.00 
₹ 1,035.00 
c) Exceeding 1,500 C.C. 
₹ 11,144.00 
₹ 1,183.00 
₹ 11,144.00 
₹ 1,183.00 
Note: T.P. Premium is the total of a basic amount (A) plus an amount derived by multiplying the licensed carrying capacity by the amount in (B).
3 Wheelers with Seating Capacity less than 6 passengers 
Current (A) 
Current (B) 
Previous (A) 
Previous (B) 
a) E Rickshaw 
₹ 1,440.00 
₹ 689.00 
₹ 1,125.00 
₹ 538.00 
b) Except E Rickshaw 
₹ 2,218.00 
₹ 1,061.00 
₹ 1,733.00 
₹ 829.00 
Note: T.P. Premium is the total of a basic amount (A) plus an amount derived by multiplying the licensed carrying capacity by the amount in (B).
Seating Capacity exceeding 6 passengers 
Current (A) 
Current (B) 
Previous (A) 
Previous (B) 
a) 3 Wheelers 
₹ 5,318.00 
₹ 1,061.00 
₹ 4,155.00 
₹ 829.00 
b) 4 or more wheeled vehicles 
₹ 13,176.00 
₹ 805.00 
₹ 10,294.00 
₹ 629.00 
Note: T.P. Premium is the total of a basic amount (A) plus an amount derived by multiplying the licensed carrying capacity by the amount in (B).
Motorized 3 Wheeler carrying passenger for Hire or Reward 
Current (A) 
Current (B) 
Previous (A) 
Previous (B) 
a) With carrying capacity more than 17 passengers 
₹ 12,189.00 
₹ 745.00 
₹ 10,294.00 
₹ 629.00 
Note: T.P. Premium is the total of a basic amount (A) plus an amount derived by multiplying the licensed carrying capacity by the amount in (B).
Motorized 2 Wheelers for carrying passengers for Hire or Reward 
Current (A) 
Current (B) 
Previous (A) 
Previous (B) 
a) Not exceeding 75 C.C. 
₹ 790.00 
₹ 532.00 
₹ 702.00 
₹ 473.00 
b) Exceeding 75 C.C. but not exceeding 150 C.C. 
₹ 790.00 
₹ 532.00 
₹ 702.00 
₹ 473.00 
c) Exceeding 150 C.C. but not exceeding 350 C.C. 
₹ 790.00 
₹ 532.00 
₹ 702.00 
₹ 473.00 
d) Exceeding 350 C.C. 
₹ 2,067.00 
₹ 532.00 
₹ 1,615.00 
₹ 473.00 
Note: T.P. Premium is the total of a basic amount (A) plus an amount derived by multiplying the licensed carrying capacity by the amount in (B).
Miscellaneous & Special Types of Vehicles 
Current 
Previous 
a) Pedestrian controlled Agricultural Tractors with Horse Power rating not exceeding 6 H.P., Hearses & Plane Loaders 
₹ 1,148.00 
₹ 897.00 
b) Other Miscellaneous & Special type of Vehicles 
₹ 4,892.00 
₹ 3,822.00 
Motor Trade (Road Transit Risk) 
Current 
Previous 
a) Distance not exceeding 2,400 K.M. 
₹ 1,088.00 
₹ 1,088.00 
b) Distance exceeding 2,400 K.M. 
₹ 1,308.00 
₹ 1,308.00 
Motor Trade (Road Risk) (Excluding Motorized 2 Wheelers) 
Current 
Previous 
Named Driver or Trade Certificate 

a) 1st named driver or certificate 
₹ 1,108.00 
₹ 985.00 
b) Per additional Drivers / Certificates upto 5 
₹ 536.00 
₹ 476.00 
c) Per additional Drivers / Certificates more than 5 but less than 10 
₹ 345.00 
₹ 307.00 
d) Per additional Drivers / Certificates more than 10 but less than 15 
₹ 299.00 
₹ 266.00 
Motor Trade (Road Risk) (For Motorized 2 Wheelers) 
Current 
Previous 
Named Driver or Trade Certificate 

a) 1st named driver or certificate 
₹ 530.00 
₹ 530.00 
b) Per additional Drivers / Certificates 
₹ 264.00 
₹ 264.00 