The Ministry of Road Transport and Highways (MoRTH) has issued a draft notification dated 14 June 2023 proposing Motor Third Party Premium and Liability Rules for the Financial Year (FY) 2023-24. In consultation with the Insurance Regulatory and Development Authority of India (IRDAI). With respect to the above draft, which of the following statements are correct?
Statement 1: A discount of 15% in the premium has been proposed for educational institution buses.
Statement 2: A discount of 25% in the premium has been proposed for a private car registered as a Vintage Car.
Statement 3: A discount of 15% and 7.5% in premium has been proposed for electric vehicles and hybrid electric vehicles, respectively.