Indian non-life insurance market: towards growth in the next four years

According to estimates by Atul Sahai, CEO of New India Assurance, the non-life insurance sector in India is expected to double its turnover in the next four years.

The growth rate of the non-life insurance in 2020 has recorded a significant decline to 2% compared to 17%-18% in the previous years. A. Sahai expects this rate to revert to its normal level within the next four years.

The Indian non-life insurance market is dominated by the health, motor and property damage activities.