Segments like employees compensation have witnessed an over 40 per cent rise. The changes in statutory norms which have raised minimum sum insured for death, permanent disability and funeral expenses has worked as an analyst for this growth.

They also said that the rates for property insurance have gone up 10 per cent while vehicle insurance has observed a mixed growth.

Some segments like professional indemnity, healthcare, environmental and casualty (general) have seen rates falling or being unchanged, the Marsh report for Europe, Middle-East and Asia, said.

Niraj Jain, CEO, InsuranceMall said: "I believe, the rates are going stabilize or even reduce across certain sectors. As there aren’t any significant losses, the insurance business in India will remain unchanged for the rest of the 2010.”

Now, if you want to understand the nuances of different types of policies and its price, feel free to seek the help of InsuranceMall to select the right products based on your need. 

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