The non-life insurance industry, including general, standalone health and specialised PSU insurance companies, have witnessed a 13.1 per cent growth in premiums to Rs 2.63 trillion in the first 11 months of FY24, up from Rs 2.32 trillion in the year-ago period. The growth was backed by the rise in health and motor insurance premiums.
According to the data released by the general insurance council, health insurance premiums have grown by 20.39 per cent year-on-year (Y-o-Y) during the April 2023-February 2024 period, while motor insurance premiums have gone up by 13.60 per cent.
