The non-life insurance industry underwrote a total direct premium of â¹2.90 lakh crore in India registering a growth of 12.76% from the previous year, the report said.
The contribution of public sector general insurers increased 8.88% from â¹82,891 crore in 2022-23 to â¹90,252 crore in 2023-24. Private sector insurers, including standalone health insurers, have underwritten â¹1.88 lakh crore as against â¹1.58 lakh crore in 2022-23.
The aggregate profit of the non-life insurance sector was â¹10,119 crore as against a net loss of â¹2,566 crore in 2022-23. During 2023-24, the aggregate net incurred claims saw a 15.39% increase to â¹1.72 lakh crore from â¹1.49 lakh crore.
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At the G, India up against Head-strong Australia
â In-form batter declared fit for Boxing Day Test
5 trains to run between Delhi and Kashmir
Heated coaches, airport-like security check
Noted Malayalam writer Vasudevan Nair dies
NOTED WRITER AND Jnanpith award winner M T Vasudevan Nair, who had been undergoing treatment at a private hospital in Kozhikode (Kerala) following heart failure, has passed away, hospital sources said on Wednesday. He was 91.
Despite rising volume, muted crude prices help lower oil import bill
THE SOFTENING IN global crude oil prices over recent months has resulted in India's oil import bill contracting on a year-on-year basis in September, October, and November, despite import volumes rising in each of these months, latest petroleum ministry data shows.
Heated coaches, airport-like security check
Heated coaches, airport-like security check
Prosperity through cooperation
The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
Office Leasing in Top Six Cities Hits Record: Report
WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.
The Angry Young Man
â¹ impact on auto sector
Investors Get Good Exits in IPO Frenzy
A whopping â¹1.6 lakh crore has been mopped up in the primary market in 2024 by 90 firms, the highest so far in a year, topping the â¹1.19 lakh crore raised through IPOs in 2021 by 63 companies.
Impact on auto sector
However, the falling rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.
