‘Bima Sugam to boost no-frills health products,’ V Surya MD Cholamandalam Insurance
The recent GST rate cut has led to an increase in auto sales, which in turn is expected to boost motor and health insurance premiums. The Managing Director of Cholamandalam MS General Insurance predicts a rise in premiums due to higher vehicle sales. However, the industry still faces challenges, such as the high number of uninsured vehicles.