The growth in premium collected by the general insurers in January at 6.7% remained tepid even as health and fire insurance segments continued to witness robust growth. A muted demand for automobile and crop insurance dragged down the industry to a slow start to the calendar year.
Non-life insurance premium reached Rs 18488.1 crore for the month against Rs 17333.7 crore January of 2020. At 2.8% the Gross Direct Premium (GDPI) growth has been much slower for the year-to-date (YTD) period ..