Third Party motor insurance claim ratio at 145% for FY'12

Insurance regulator IRDA Thursday said motor insurance companies have paid out 45 percent more than the premium on account of claims under the third party motor pool during the current fiscal.

Terror cover rates unlikely to go up: Insurers

Insurance industry does not see
the possibility of any hike in premium for terror cover in the aftermath of serial blasts in Mumbai that has claimed 18 lives and left 150 injured.