In exercise of the powers conferred by subsection 2 of section 147 of the Motor Vechicles, Act, 1988 (59 of 1989), The Central Government hereby issues the following order to state the premium rates for motor Third Party Insurance Cover for the Financial Year 2022-23.
The details of MOtor THird Party PREMIUM RATES FOR THE VARIOUS CLASSES OF VEHICLES ARE TABULATED BELOW FOR THE fINANCIAL YEAR 2022-23.TP Rates are changed in policy from June-01-2022.
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Private Car Third Party Insurance Cover for the Financial Year 2022-23
TP Rates of Private Car
| Cubic Capacity (CC) |
Rates (Rs) |
| Not exceeding 1000 cc |
2094 |
| Exceeding 1000 cc but not exceeding 1500 cc |
3416 |
| Exceeding 1500 cc |
7897 |
Two Wheeler Third Party Insurance Cover for the Financial Year 2022-23
TP Rates of Two Wheeler
| Cubic Capacity (CC) |
Rates (Rs) |
| Not exceeding 1000 cc |
2094 |
| Exceeding 1000 cc but not exceeding 1500 cc |
3416 |
| Exceeding 1500 cc |
7897 |
GCV Public Carrier Third Party Insurance Cover for the Financial Year 2022-23
TP Rates of GCV Public Carrier
| Gross Vehicle Weight (GVW)- Public |
Rates (Rs) |
| GVW not exceeding 7500 kgs |
16049 |
| Exceeding 7500 kgs but not exceeding 12000 kgs |
27186 |
| Exceeding 12000 kgs but not exceeding 12000 kgs |
35313 |
| Exceeding 20000 kgs but not exceeding 40000 kgs |
43950 |
| Exceeding 40000 kgs |
44242 |
GCV Private Carrier Third Party Insurance Cover for the Financial Year 2022-23
TP Rates of GCV Private Carrier
| Gross Vehicle Weight (GVW)- Private |
Rates (Rs) |
| GVW not exceeding 7500 kgs |
8510 |
| Exceeding 7500 kgs but not exceeding 12000 kgs |
17352 |
| Exceeding 12000 kgs but not exceeding 12000 kgs |
10969 |
| Exceeding 20000 kgs but not exceeding 40000 kgs |
17626 |
| Exceeding 40000 kgs |
25038 |
GCV Three Wheeler TP rates for the Financial Year 2022-23
Goods Carrying Motorized Three Wheelers and Motorized Pedal Cycles - Public and Private Carrier
| Category |
Vehicle Type |
Basic Rate |
| A3 |
Except e-carts (Public Carrier) |
4492 |
| A4 |
Except e-carts (Private Carrier) |
3922 |
PCV Passenger-carrying TP for the Financial Year 2022-23
TP Rates of Passenger-carrying (PCV)
| Vehicle Type |
Basic Rate |
Per LIcensed Passenger |
| Not exceeding 1000 cc |
6040 |
1162 |
| Exceeding 1000 cc but not exceeding 1500 cc |
7940 |
978 |
| Exceeding 1500 cc |
10523 |
1117 |
Download Updated PDF of TP Rates for the Financial Year 2022-23
