General insurance industry is likely to grow by 32% in the financial year 2016-17, aided by demand for crop insurance and pick-up in motor sales.
During the period, the industry generated total premium of Rs 1.27 lakh crore from Rs 96,376 crore in the previous year.
Private sector saw 35.72% growth in the last year. HDFC Ergo saw premium growth of 72.81% to Rs 5,840 crore. Iffco Tokio saw 49% growth in income to Rs 5,485 core.
