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This page from The Economic Times provides an overview of India’s general insurance sector’s performance in July, alongside a wealth of related financial news, market data, and analytical tools. The core article, titled “India’s general insurance sector reports muted growth in July,” highlights a modest premium growth of only 2.8% for the month. This slowdown was primarily attributed to weak motor insurance sales and significant declines experienced by major players such as Bajaj Allianz, HDFC Ergo, and ICICI Lombard, which saw their premiums contract by 10% to 25%. In contrast, New India Assurance managed to buck this trend with a robust 16% growth. Standalone health insurers also demonstrated a stronger performance, collectively recording over 10% year-on-year increase in premium collections. The industry’s gross written premium for July reached ₹29,729 crore, a slight rise from ₹28,929 crore in the same month last year, with the overall slowdown partly linked to a change in reporting format.
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