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Nonlife sector’s premiums increase over 16%

Posted On: Jan. 9, 2023 9:37 AM CST

Premium growth

Data from the General Insurance Council of India showed that nonlife insurers’ collective gross direct premiums increased 16% year-on-year to 1.87 trillion Indian rupees ($22.7 billion) in the nine months ended December 2022, The Financial Express reported. New India Assurance Co. Ltd. saw a 2.41% year-on-year increase in premiums.