Insurance gets dearer through H1: Study

Insurance premiums in India continued to rise in H1 2010 even as a stabilising or decreasing trend has been seen in other nations in Europe, Africa and the Middle-East, a study by the brokerage firm Marsh, has revealed. In India, some segments like employees compensation have witnessed an over 40 per cent rise sequentially due to changes in statutory norms which have raised minimum sum insured for death, permanent disability and funeral expenses, the report said. Rates for property insurance have gone up 10 per cent while a mixed trend has been observed in vehicle insurance, the brokerage said. Premiums ...

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