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From April'2017, car, motorcycle and health insurance is going to get costlier, as the insurance regulator IRDAI is going to give "go-ahead" to insurers for revision in commission for agents. The IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2016 will hike premium rates by as much as 40% for 2016-17 which will come into effect from 1st April'2017. For cars below 1,000cc the premium has raised by 40% to Rs 2,055, while for compact or B segment cars (1,000-1,500cc) the increase is 40% to Rs 2,237 & for sedans, the regulator has increased it by 25%.

Shriram Automall is India's most trusted platform for exchange of used vehicles & equipment in a transparent & organized manner. Every day, all over the country, thousands of customers come to its 70+ Automalls to inspect, bid & win pre-owned vehicles or equipment of their choice. The company's allied services like parking, new look refurbishment, finance, documentation, insurance and valuation make it a one stop destination for all the pre-owned vehicles & equipment requirements resulting in complete peace of mind.