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Motor insurance premium hike too low to cover losses, say experts
Fp Archives •The general insurance industry today termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.
Auto insurance premium to get costly by up to 20% from 1 Apr
Fp Archives •Motor insurance premium is set to become more expensive, with IRDA allowing up to 20 percent increase in third party rates from April 1 in view of rising inflation and the history of claim settlement.
Auto insurance: Taking the sting out of a road accident
Fp Archives •The high occurrence of road accidents makes it imperative for every motorist to adopt necessary safeguards. While the trauma associated with an accident may be unavoidable, the financial stress that an accident may render can be mitigated.