Hike in motor insurance premium to be lower

The pricing with regard to motor insurance products would go up according to the formula prescribed last year but the rise would be less than inflation, Hari Narayan said.

On the IPO guidelines for non-life companies, he said Irda was awaiting the recommendations of the Securities and Exchange Board of India.

Sebi is in the process of reconstituting the standing committee, which has to make recommendations in regard to these guidelines.