Insurance companies in Mumbai anticipate a 15-20% hike in third-party motor insurance premiums from April 1 due to increasing claims and stagnant rates. With TP award inflation nearly at 12% annually impacting profitability, industry CEOs indicate a substantial hike is necessary.
from Economic Times https://ift.tt/baBkPKr
from Economic Times https://ift.tt/baBkPKr
Third-party motor cover may cost more from April
![Third-party motor cover may cost more from April]()
Reviewed by শ্রী শ্রী সত্যনারায়ণ নমঃ
on
March 28, 2025
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