With double-digit growth back, the general insurance industry has set a target of crossing Rs 1 trillion mark in annual premium income this fiscal, up from Rs 84,715 crore in 2014-15.
The current fiscal got off to a good start with the industry netting Rs 9,400 crore in collective premium income in April this year, up by 12% over Rs 8,422 crore in April 2014, according to the General Insurance Council data.