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Health and Motor Insurance Drive Non-Life Insurance Industry Growth in India FY24

The non-life insurance industry in India witnessed robust growth in FY24, with health insurance premiums exceeding Rs 1 trillion and motor insurance crossing Rs 90,000 crore mark. Government schemes like Ayushman Bharat contributed significantly to the growth. Industry experts project a medium-term growth rate of 13-15% driven by health and motor insurance segments. ....

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