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India's insurance premium growth to accelerate during 2014 to 2018: CARE Ratings

December 18, 2013 - 6:00am


India's insurance industry is likely to see premiums grow at a faster rate during fiscal year 2014 to 2018, compared with the last five fiscals, Credit Analysis & Research Ltd. said.

CARE Ratings said in a report the growth in nonlife insurance premium is expected to outdo the growth of life insurance mainly because of under-penetration, NDTV reported.

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