The decline in the share of high-value policies is largely on account of taxation changes in this segment, which HNIs were earlier using to get tax-free returns
'Insurance is a protective tool, not a safety net for irresponsible behaviour,' says expert, as SC ruling limits payouts in accidents caused by the policyholder
Most people hold multiple policies but can't correctly tell what help they will get in emergencies
According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country