Health, fire insurance premiums may rise 5-10% from next fiscal. Loss ratios of general insurers set to rise from Q2 as claims spike. Health insurance sees 1.25 lakh claims worth Rs 1,700 crore being filed so far. As factories reopen, incidents of short-circuits increase.General insurers paying out Rs 120 as claim for every Rs 100 collected, premiums set to go up
Health, fire insurance premiums may rise 5-10% from next fiscal. Loss ratios of general insurers set to rise from Q2 as claims spike. Health insurance sees 1.25 lakh claims worth Rs 1,700 crore being filed so far. As factories reopen, incidents of short-circuits increase.
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