The non-life insurance industry's premium income in Q1 of the current fiscal was Rs 64,262.8 crore, an increase of 17.9% YoY. Motor insurance has been the second-largest segment after health because of the spike in sales of motor policies due to the vrooming automobile sector. The growth rate contrasts with the 0.8% decline faced by life insurers in Q1. RS 56,917.3 crore of the total premium income was from full-service players, Rs 6,657 crore was from standalone health insurers, and Rs 688.5 crore was from specialised public sector general insurers.from Banking/Finance-Industry-Economic Times https://ift.tt/S6OlpMk
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