Motor damage insurance tariffs are on the rise

Many public and private insurers are going to increase their motor damage insurance tariffs. This move comes as a result of the fierce tariff battle that has been lasting since the market deregulation in 2007. The increase will concern only certain categories of vehicles in some regions. 5% to 15% premium rises are expected. United India Insurance, Bajaj Allianz, Future Generali India Insurance and Royal Sundaram General Insurance said they would maintain their tariffs.