Non-life Insurance Booms: Health Premiums Exceed Rs 1 Tn, Motor Crosses Rs 90,000 Crore Mark In Fy24 Surge : 316

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nonlife insurance booms health premiums exceed rs 1 tn motor crosses rs 90000 crore mark in fy24 sur
In the fiscal year 2023-24 (FY24), India's non-life insurance industry experienced significant growth primarily fueled by the health and motor insurance segments. Health insurance premiums surpassed Rs 1 trillion, marking a 20.2% increase, while motor insurance reached Rs 91,781.3 crore with a growth rate of 12.9%.