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General Insurance industry grows 32% in FY 17

General Insurance industry grows 32% in FY 17

Monday, April 10, 2017, 5:10 PM

General insurance industry is likely to grow by 32% in the financial year 2016-17, aided by demand for crop insurance and pick-up in motor sales. During the period, the industry generated total premium of Rs.1.27 lakh crore from Rs.96,376 crore in the previous year. Private sector saw 35.72% growth in the last year. HDFC Ergo saw premium growth of 72.81% to Rs 5,840 crore.
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