General insurance premiums up over 14% in India

Data from the General Insurance Council of India showed that local general insurers’ collective gross written premium increased by over 14% year-on-year to 2.4 trillion Indian rupees ($29 billion) in the fiscal year ended March 31, Business Standard reported. New India Assurance Co. Ltd. reported a more than 7% year-on-year growth in premium to INR370.3 billion.