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Get ready to pay more for auto cover as insurers set to raise premium
Rates may increase 40-50% for commercial vehicles and 20-25% for for private vehicles. Be prepared to shell out more to insure your car. Come April, insurance companies are set to increase premium rates across the motor portfolio, which includes private and commercial vehicles. According to industry sources, the worst-hit would be commercial vehicles, where the premiums might go up 40-50 per cent.
Rates may increase 40-50% for commercial vehicles and 20-25% for for private vehicles. Be prepared to shell out more to insure your car. Come April, insurance companies are set to increase premium rates across the motor portfolio, which includes private and commercial vehicles. According to industry sources, the worst-hit would be commercial vehicles, where the premiums might go up 40-50 per cent.
Govt may bring multiple covers under one policy
Single-premium plan likely to be only for women initially; Centre, states to share premium for economically weaker sections.
Single-premium plan likely to be only for women initially; Centre, states to share premium for economically weaker sections.
Feedback sought on new motor insurance law
Govt prepares draft on Kaul panel report, may table Bill in next Parliament session.
Govt prepares draft on Kaul panel report, may table Bill in next Parliament session.
Chola MS General gross written premium at Rs 1,000 cr
Cholamandalam MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group Japan, achieved a gross written premium (GWP) of Rs 1,000 crore
General insurance industry faces Rs 10,000 cr hit in FY12
Irda to raise provisioning norms to 163-213 per cent.
Irda to raise provisioning norms to 163-213 per cent.
Damage by cyclone Thane to lower general insurers' profits
Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of general insurers this fiscal, say industry officials.
Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of general insurers this fiscal, say industry officials.
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