State-run general insurers in India now account for less than a third of the industry premium, as larger private non-life insurers have strengthened their position in the market. Public sector insurers saw their premium income decrease by 1% to Rs 34,203 crore during the first five months of the fiscal year.
State-run general insurers in India now account for less than a third of the industry premium, as larger private non-life insurers have strengthened their position in the market. Public sector insurers saw their premium income decrease by 1% to Rs 34,203 crore during the first five months of the fiscal year.
Public sector insurers saw their premium income fall by 1 percent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 percent from 33.4 percent, while premium income slipped from Rs 37,100 crore to Rs 34,203 crore.