The IRDAI has withdrawn the Indian Motor Tariff with effect from 1st April 2009. However, the wordings of “Liability Only’ Policy are retained and the rates for ‘Liability Only” policy are regulated by IRDAI. With regard to ‘Own Damage” Covers the existing policy wordings are to be continued but insurers are given freedom of pricing and permitted to provide add on covers after obtaining the Regulator’s approval. The erstwhile India Motor Tariff wordings will remain as standard cover.