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. Read more


Insurance Information Bureau (IIB) was formed in October 2009 with the objective of facilitating in the efficient functioning of the insurance sector as well as for the protection of the interests of the policyholders by providing reliable, timely and accurate information on the industry. Read more