News From Press Fire insurance premiums could surge 60% in 2025

Fire insurance premiums could surge 60% in 2025

Source: Moneycontrol Feb 20, 2025

Fire insurance premiums could experience 60 percent growth in 2025, after general insurance companies slashed discounts in property insurance premiums by up to 100 percent in January this year.

The property insurance sector experienced an 80 percent increase in premiums on January 1, 2025, aimed at correcting the pricing after a period of aggressive discounting.

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