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General insurance industry's premium grows 16% to Rs 12,206 crore in April

 General insurance industry's premium grows 16% to Rs 12,206 crore in April

 

  • General insurance industry grew 16 per cent to Rs 12,206 crore in April in terms of gross written premium (GWP) collection.In April last year, GWP stood at Rs 10, 500 crore.The industry saw a higher growth of 30 per cent in terms of GWP during fiscal 2017, according to Irdai data.However, the April figure doesn't include the crop insurance segment that drove growth in the general insurance industry by adding almost Rs 18,000 crore in FY17. Crop insurance for the current fiscal will start shortly with Kharif sowing.
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