General Insurance What is driving the growth of non-life insurance is the premium growth of three major segments within, such as, motor, health and crop. These segments have shown impressive performance last year– above 20 per cent, thanks to the strong government initiative. This year too, the same trend is persistent But there are worries of falling combined ratio. Sustainable economic growth is a reflector of what is store for general insurance business growth. India's non-life insurance sector continues to be heavily under-penetrated compared with the global average, despite being one of the rapidly growing economies in the world. The non-life insurance penetration has been too slow at around less than one per cent in the last decade. In 2016 - 17 the range improved a bit-ye...
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