Natural catastrophe insurance rates to rise in India

Natural catastrophe insurance rates in India are expected to rise given an increase in the number of natural disasters such as earthquakes and floods in the nation in the last two years, Business Standard reported.

Senior insurance industry executives believe rates could rise by 10-20% from fiscal year 2017.

"With a rise in claims, it is imperative that premiums also see a proportionate rise," said a senior general insurance executive.

Read more