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. Read more
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. Read more