business general insurance premium shows healthy rise in june

General Insurance Premium Shows 'healthy' Rise In June

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The general insurance sector experienced a 5.8% increase in gross premium income in June, reaching 23,256 crore, primarily fueled by retail health insurance growth. While some large private insurers like Bajaj Allianz saw significant growth, others like ICICI Lombard faced declines. The industry's overall Q1 performance showed a 9% rise, but new reporting formats impact year-on-year comparisons.