Nonlife premiums increase over 20% in India

Data from the General Insurance Council of India showed that nonlife insurers’ gross direct premiums in the country increased by 20.5% year-on-year to 256.4 billion Indian rupees ($3.12 billion) in April, The Financial Express reported. New India Assurance Co. Ltd. saw a 10.4% year-on-year growth in written premiums to INR50.6 billion.