INSURANCE payments may increase up to 500 thousand rubles

The bill, according to which the maximum possible payment under the insurance for damage to life and health will increase to 500 thousand rubles, for damage to the vehicle up to 400 thousand, already approved by the state Duma Committee on financial market and will soon be considered in the first reading, reports «the Russian newspaper».

Also, the bill proposes to increase the amount of payments for the Euro Protocol from the current 25 to 50 thousand rubles. Also, according to the new law, victims of road accidents will be paid a fixed amount for a particular injury.
However, the cost of the compulsory insurance will increase. The authorities want to limit the appreciation of the policy 25 percent, insurers insist on increasing 50%, explaining that otherwise provide insurance CTP insurance will become unaffordable.