Get ready to shell out more for motor, health & fire insurance

You may soon have to shell out more to buy motor, health or fire insurance. Concerned over the high level of losses in general insurance and pressured by a government direction to move further towards market-linked pricing, insurers are planning to raise premiums by an initial 2-5% and further up gradually, sources said. Some of the hike will be inflation-linked, but a major portion will be due to the new pricing strategies adopted by insurers after assessing risks.

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Religare Health Insurance eyes government biz

Religare Health Insurance is in talks with the central and state governments to provide solutions in government-sponsored health schemes targeting below poverty line people.

“We plan to work with the central government and state governments to provide services in this segment. The states have their own heath schemes for BPL. So, we will hold negotiations,” company managing director and CEO Anuj Gulati said.

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Religare Health Insurance launches operations

Care offers a host of ‘industry-first’ features—including a wide range of sum insured—up to Rs. 60 lakh

Religare Health Insurance, a part of Religare Enterprises Limited- a leading diversified financial services group out of India, announced the formal launch of its operations at a Press Conference in Mumbai. Having initiated operations this July, Religare Health Insurance has made significant progress over the past 3 months, and is already operating out of 134 centers – servicing more than 50,000 lives.

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