Last month the news around increase in premiums on general insurance policies got some of my friends cursing over the renewal premiums going up. I was a silent party to the discussion because I was expecting a much higher premium outgo than the proposed 20-25 per cent increase in premium rates. Let’s face it; price rise is a reality around us and there is little that can be done to check on the rise. However, the government data may state that inflation is under check, the cost of goods and services are on the rise and will remain to be so.