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Insurers may hike non-life premium as regulator backs move

Insurers may hike non-life premium as regulator backs move

Tuesday, March 14, 2017, 6:23 PM

In view of consistent losses arising from large claim settlements and other negatives like falling interest rates that will crimp their investment income, non-life insurers are planning to increase the premium rates by 10-15% in certain segments to protect their bottom lines. IRDAI has hinted at a premium hike especially in the third-party motor and group health insurance from April 1.
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