Monsoon Damage, Not Cyclones, Is Driving Up Insurance Premiums

Insurers are citing rising monsoon-related claims — waterlogging, short-circuits and vehicle damage — as a key reason premiums have ticked up 8%–12% year-over-year in Tier-1 cities.

To keep premiums in check: bundle motor and home policies with the same insurer for a multi-policy discount, install anti-theft and water-damage sensors, and opt for voluntary deductibles where affordable.

Catfin's comparison tool lists IRDAI-approved insurers side-by-side with transparent claim settlement ratios — always a better indicator than headline premium.