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General insurers' premiums rise 13%


India's insurance regulator said that general insurers' gross premiums grew 13% year over year to 1.7 trillion Indian rupees ($24 billion) in the financial year ended March 31, The Financial Express reported citing sources. Government-owned The New India Assurance Co. Ltd. accounted for 14% of the total market share while ICICI Lombard General Insurance Co. Ltd. accounted for 8.5%.

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