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ICICI Lombard hikes diesel car insurance premium

 

IF YOU are driving a diesel car, you may now have to shell out more as insurance premium. ICICI Lombard, for one, has already drawn up plans to put an average of 15 per cent overloading while calculating insurance premium on diesel vehicles. And that's not all. The company is also mulling to factor in some new parameters like age of the driver, variant of the vehicle, while calculating the insurance premium.

"In motor insurance, the premium calculation revolves around two to three parameters, like the model of the vehicle and location where it is heading (that is where the vehicle is in use), said Amitabh Jain, vice president & head-motor insurance, ICICI Lombard.

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