News > Health, motor continue to drive general insurance, Q1 sales jump 17.9%

Health, motor continue to drive general insurance, Q1 sales jump 17.9%

The non-life insurance industry's premium income in Q1 of the current fiscal was Rs 64,262.8 crore, an increase of 17.9% YoY. Motor insurance has been the second-largest segment after health because of the spike in sales of motor policies due to the vrooming automobile sector. The growth rate contrasts with the 0.8% decline faced by life insurers in Q1. Rs 6,657 crore was from standalone health insurers, and Rs 688.5 crore was from specialised public sector general insurers.