Go Back   2018 2019 Student Forum > Management Forum > Main Forum



 
Thread Tools
  #1  
Old 28th May 2016, 03:28 PM
Unregistered
Guest
 
Posts: n/a
Default IRDA Fire Tariff Rates

Hello sir I want to know about the Insurance Regulatory and Development Authority Tariff rates will you please provide me the details ??
Reply With Quote Quick reply to this message
Similar Threads
Thread
IRDA Third Party Rates-16
Shipping Corporation Of India Import Tariff
APEPDCL Tariff-13
Hotels in Pune With Tariff
HPTDC Revised Tariff
UPPCL Tariff
Ht Tariff KSEB
Current Tariff of UPPCL
RTDC Jaisalmer Tariff
UPPCL Tariff Revision
GMVN Tourist Bungalow Tariff
RTDC Hotel Gangaur Jaipur Tariff
KSEB Bill Tariff
TSECL Tariff
MSEB tariff
MSEB Tariff Rates
TTDC hotel Kanyakumari tariff
Central excise tariff act 1985 pdf
Central Excise tariff-11
Central Excise Tariff Act Schedule
  #2  
Old 28th May 2016, 04:22 PM
Super Moderator
 
Join Date: Apr 2013
Posts: 61,184
Default Re: IRDA Fire Tariff Rates

As you want to know about the Insurance Regulatory and Development Authority Tariff rates

Tariff rates

There is an flawed impression that though the Fire, Engineering and Motor Own harm stand detariffed, the insurers are constrained to charge only 20% less than the erstwhile tariff rate in esteem of Fire and engineering and 10% less than the rate obtaining for Motor Own Damage.

This impression is most probably based on the two spherical issued by the IRDA dated 29 th November, 2006 and 15 th December, 2006 .

These circulars have to be viewed in their proper perspective.

These circulars were issued before the insurers filed their revised rates under the “File and Use” procedure under which the Insurers are predictable to file their new rates with IRDA giving justification for adopting those rates.

The Insurers indicated that pending approval of rates by IRDA, they have to issue regeneration notices to their clients and desired to know what premium should be indicated in those renewal notices.

The IRDA indicated that they could reduce rates upto 20% in the case of Fire and Engineering and 10% in the case of motor and if they wanted to assume any rate lower than these ceilings they have to file the rates and await their consideration by the Authority.

It may thus be seen that decrease of 20% and 10% was only indicative for the limited purpose of sending renewal notices for the month of January, 2007.

The rates filed by the Insurers were reviewed by the IRDA and the approved rates communicated to the Insurers on 30 th December, 2006 .

Hence the revise rates along with markdown factors are now available to the Insurers and they are free to apply those rates for new business as well as for renewals in the month of January 2007.

The temporary dispensation of 20% and 10% stands withdrawn with the approval of the rates filed by the Insurers under the “File and Use” system.
Reply With Quote Quick reply to this message
  #3  
Old 20th October 2016, 04:40 PM
sopan bahule
Guest
 
Posts: n/a
Default Re: IRDA Fire Tariff Rates

What it mean under insurance policy

5% of each and every claim subject to a minimum of Rs.10000

if my claim amount will 100 lac then exclusion as per insurance company for above terms will be 5 % of 100 lac i.e. Rs. 5 lac and i will get the 95 lac is it correct ?
Reply With Quote Quick reply to this message
  #4  
Old 5th December 2017, 06:52 PM
Unregistered
Guest
 
Posts: n/a
Default Re: IRDA Fire Tariff Rates

Quote:
Originally Posted by sopan bahule View Post
What it mean under insurance policy

5% of each and every claim subject to a minimum of Rs.10000

if my claim amount will 100 lac then exclusion as per insurance company for above terms will be 5 % of 100 lac i.e. Rs. 5 lac and i will get the 95 lac is it correct ?
Reply : Yes dear, you are right. In such a scenario you will get only Rs 95,000/-
Reply With Quote Quick reply to this message
  #5  
Old 1st February 2019, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default Re: IRDA Fire Tariff Rates

Dose excise duty cover under marine sales turnover policy?
Reply With Quote Quick reply to this message
Reply


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 06:58 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3