A worked example
A private car in Zone A, 1497 cc, up to 5 years old, comprehensive, IDV ₹5,00,000, NCB 20%, no add-ons and no PA cover, works out at ₹19,527.
| Item | Amount |
|---|---|
| OD rate | 3.283% |
| Final IDV | ₹5,00,000 |
| Basic OD | ₹16,415 |
| Final OD before discounts | ₹16,415 |
| NCB discount | − ₹3,283 |
| Final OD | ₹13,132 |
| TP | ₹3,416 |
| Total before GST | ₹16,548 |
| GST | ₹2,979 |
| Final payable | ₹19,527 |
Estimate only, not advice. Approx premium: the insurer's final rate may differ.
How it is worked out
- Own damage: IDV times the tariff rate for the class, zone, age and size, plus a CNG kit if any, less NCB on the result. Order as in the tariff's own specimen.
- Third party: the notified premium for the class and size. A hybrid takes 7.5% off, a CNG or LPG kit adds ₹60.
- GST: 18% by default. On a goods vehicle, third-party only takes 5%, and a comprehensive policy takes 18% on the whole premium, as most insurers show it. These come from search summaries, not a notification, so you can change them.
- Electric vehicles: the tariff has no own-damage rate, so you type the insurer's.
- Left to the app's full form: add-ons, OD discount, loading, LL to paid driver, passenger and driver PA, and restricted third-party property damage. The tariff has no rate for most of these, and sources conflict on LL, so nothing is filled in for you.
Tariff of 05-01-2024 · TP rates checked on 08-11-2026. The third-party tables are in the guide to motor third-party rates.
Common questions
Is this the premium the insurer will charge?
The third-party part should match, since it is notified. Own damage is an approximate guide from the old tariff, and insurers price it themselves. The insurer's quote decides.
Which classes does it cover?
Private Car, Two Wheeler, GCV, 3W GCV, Bus and Maxi, 3W PCV, Taxi and Misc-D, the same 8 as the app.
Why does an electric vehicle ask me for a rate?
The tariff prints no own-damage rate for battery vehicles (GR.46), so you type what the insurer gives.
Does it include PA owner driver?
Only if you tick it. The default of ₹750 for ₹15 lakh cover comes from one source, so you can change it.
Sources
- Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, G.S.R. 394(E), 25-05-2022, and the Amendment Rules 2024, G.S.R. 32(E), 05-01-2024 A reprint hosted on thc.nic.in, read by eye. It cites the Gazette but is not the Gazette page itself.
- India Motor Tariff, New India Assurance copy. GR.8 (IDV), GR.27 (NCB) The tariff text, in force from 01-07-2002 by its own preamble. Opened again on 08-11-2026. Nothing here claims it binds any insurer today.
- IRDAI consumer page on motor insurance Official. Opened again on 08-11-2026.
- Shriram Finance on GST for goods vehicle insurance Search summary only; the page could not be opened and no CBIC notification was read. Treat as unverified.
- PB Partners on motor GST after 22-09-2025 Search summary only; the page could not be opened. Treat as unverified.
