Non-Life Insurance Booms: Health premiums exceed Rs 1 tn, motor crosses Rs 90,000 crore mark in FY24 surge

In the fiscal year 2023-24 (FY24), India's non-life insurance industry experienced significant growth primarily fueled by the health and motor insurance segments. Health insurance premiums surpassed Rs 1 trillion, marking a 20.2% increase, while motor insurance reached Rs 91,781.3 crore with a growth rate of 12.9%.


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