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Nonlife insurance premiums rise 11% in India

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Data from the Insurance Regulatory and Development Authority of India showed that local nonlife insurers’ aggregate gross direct premium increased 11% year-on-year to 2.2 trillion Indian rupees ($29 billion) in the fiscal year ending March 31, Financial Express reported citing PTI. General insurers posted almost a 9% increase in combined premium to INR1.84 trillion.

 

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