In the April-June quarter, the general insurance industry grew 12.5 percent mobilising Rs 23,418 crore in premium income.
As per the General Insurance Council data, the industry consisting of 28 players including four public sector players, mobilised Rs 23,418 crore of premia in the first three months of the current fiscal, shows growth rate of 12.5 percent over the last fiscal.
General Insurance Council Secretary general R Chandrasekaran said, “The growth revival was backed by motor and health segments which contribute more than 70 percent of the industry portfolio”.
“If the same trend continues, we could see growth continuing the momentum through the rest of the year. But a lot also depends on the monsoon,” he further added.
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