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Crop insurance drives general premiums past Rs 1 lakh crore

Crop insurance drives general premiums past Rs 1 lakh crore

Wednesday, April 5, 2017, 11:41 AM

The general insurance industry has crossed Rs 1 lakh crore in premiums backed by strong growth in the retail segments of motor and health insurance, said sources. Further, the government's crop insurance scheme - PMFBY- has also contributed a large portion of the premium collections, with a source in the industry saying that crop insurance has contributed 40-45% to the entire general insurance industry.
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