General insurance companies in India posted a growth of 16% in gross direct premium in May 2017. Senior officials in the insurance industry say that health, motor and fire insurance led the growth in the month of May. The data from the Insurance Regulatory and Development Authority of India (Irdai) shows that, in the first two months of the financial year, gross direct premium underwritten by the industry was Rs21,801.22 crore compared with Rs18,796.55 crore last May, a growth of 16%.
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