Health insurance sees growth, motor hits speed breaker as sales vanish
Health insurance sees growth, motor hits speed breaker as sales vanish
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New Delhi: The month of May was mixed for the general insurance industry as the health insurance segment saw strong growth as Covid-19 ravaged throughout India, but the motor insurance segment hit some speed bumps.
Overall, gross direct premium income (GDPI) of private insurers declined 16.9 per cent year-on-year (YoY) to Rs 5,130 crore. “Decline in May-20 was along expected lines as new…
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