The detariffed regime has begun in the insurance sector. There is a complete change in the pricing pattern of insurance products in the new regime. Insurance products shall henceforth be priced depending on the risk profile, claims history and the place of operation. Hence, premiums amounts vary from one person to another and also depending on the topography. Of course, insurers have reduced rates on portfolios such as fire and householder's policies where the claim ratio is less.

The beneficiaries Insurance premium of a vehicle would now depend on its make, engine capacity, owners' claim experience and region of operation. Who benefits in the new regime? Find out