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India: ICICI Lombard General Insurance reports 20% premium rise

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ICICI Lombard General Insurance Ltd. registered a 20% growth in gross underwritten premium to 64 billion Indian rupees ($1.2 billion) in fiscal 2012–2013, The Hindu Business Line reported.

The private insurer expects robust performance for fiscal 2013–2014. India's general insurance industry is expected to register a growth of about 15% in gross underwritten premium this fiscal year, down slightly from the 18.5% growth recorded in fiscal 2012–2013.

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