Examining the continuous discount offer for motorcycle insurance in Central Insurance

According to Iran Economist’s report from the Ministry of Economy, the Bodily Damage Fund has presented two proposals in line with the order of the Minister of Economic Affairs and Finance to support low-income groups, especially motorcycle owners, and within the framework of the powers and capacity of the compulsory third-party insurance law.

The main goal of these two proposals is to create universal coverage for the owners of motor vehicles and also to support the less privileged sections of the society.

The first proposal to Central Insurance with the authority obtained from the decree stipulated in Note (4) of Article (18) of the Third Party Insurance Law is to provide at least 5% exclusive and continuous discount for motorcycles.

Also, due to the prevalence of electric motorcycles in the country and in order to protect the environment and safe and low-risk driving, the Bodily Damage Fund has suggested that the insurance premium rates for electric motorcycles be calculated and communicated at the same level as gas motorcycles.