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India: Insurance regulator expects up to 18% growth in nonlife sector in second half

December 17, 2013 - 6:00am

India's insurance regulator expects the industry to grow in the second half of the financial year ending Mar. 31 2014, with the nonlife segment witnessing a growth of 16% to 18%, Financial Chronicle reported.

TS Vijayan, chairman of the Insurance Regulatory Development Authority, said "the total premium income is now at 4 trillion Indian rupees ($64.32 billion)."

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