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Premium growth in Q1FY22 at pre-pandemic levels
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Premium growth in Q1FY22 at pre-pandemic levels

SLIDE 1
  • 1/5

The non-life industry continues its FY22 journey on a positive note. The Q1FY22 growth continues to be driven by the private sector which grew at a much faster pace. 

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The Q1FY22 fire segment grew by a subdued 4.2% as compared to 33.7% growth witnessed in Q1FY21.  

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Movement in premium in marine segment increased by 27% in Q1 FY22 on y-o-y basis.  

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Motor insurance segment eked out a small increase compared to a double digit drop in Q1FY21. The increase can be attributed to higher registrations witnessed in June 2021.

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The health segment grew by 30.9% in Q1FY22 which is significantly higher than the growth of 7.4% witnessed in Q1FY21, given that Q1FY21 was under a nationwide lockdown.