Diabytes
Fire insurance News
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For MSMEs, fire insurance is crucial in 2025 due to increasing accidents, high recovery costs, compliance needs, comprehensive coverage, affordability, and business protection.
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As the name suggests, a fire insurance policy offers the protection of one’s property against fire damages. Covering any damages to property arising out of the fire, the policy protects against several other risks like goods and contents destruction.
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Come July 1, fire insurance premium may go up since the insurance regulator is trying to check the insurance players from deep discounting in premium to gain market share.
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After hardening of premium under group health insurance three months ago, property and fire segments are also set to witness increase in premium rates from the next calendar year.
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