VERIFIEDMint Industry·14 Aug 2026negative

Non-life insurance premium growth masks sharp fall in crop, fire cover rates

AI Summary

·Crop insurance premium declined by two-thirds to ₹1,183 crore in April-July from ₹3,544 crore in the previous year.
·Fire insurance premium saw a 28.5% decrease, falling to ₹10,062 crore from ₹14,063 crore.
·The non-life insurance sector's overall premium growth is being masked by these sharp declines in specific cover rates.