News From Press Insurers face up to Rs 25,000 crore hit, motor premiums may rise

Insurers face up to Rs 25,000 crore hit, motor premiums may rise

Source : Economic Times May 31, 2018

The general insurance industry is staring at a loss of anywhere between Rs 10,000 crore and Rs 25,000 crore in the next few years, and motor insurance premium rates may rise after the government increased compensation for third-party deaths tenfold to Rs 5 lakh.

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