Opinion - Letters to the Editor   

A poor victim

Sir, — The ultimate outcome of privatisation of insurance companies (motor vehicle) is it has affected only the poor man.

As a two-wheeler owner, I was paying Rs. 81 till last year for vehicle insurance. This year it has been enhanced to Rs. 220 for a vehicle that is less than 10 years old.

Mine being a vehicle more than 15 years old, I am asked to pay Rs. 441, double the normal enhanced rate. What logic does it have? When I approached a private insurance company, it says it would insure only new vehicles. A rise of more than five times seems to be usurious.

T.G. Krishnamurthi,
Tiruchi, T.N.

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