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General insurance premium set to go up from April 1

General insurance premium set to go up from April 1

Sunday, March 26, 2017, 10:36 PM

Car, motorcycle and health insurance will cost more from April 1 with regulator IRDAI giving go-ahead to insurers for revision in commission for agents. The change in premium after modification will be limited to +/- 5% of the existing rates. The increase will be in addition to the enhanced third party motor insurance rates, which too will come into affect from April.
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