Title: To all General Insurance Companies transacting Motor Insurance Business
Reference No.: IRDAI/NL/CIRC/MISC/095/05/2016
Allowance of up to 5% limit on Gross Vehicle Weight (GVW), May 2016
This refers to the Ministry of Road Transport and Highways notification dated 07.01.2016, which states that the tolerance up to 5% in the gross vehicle weight and safe axle weight may be allowed for the purpose of compliance to sub-section 3 of sec.113 of the Motor Vehicles Act, 1988 (59 of 1988).
The insurers are hereby advised to take a note of the above notification.
(N M Behera)
Dy. Director- NL