News Non-Life19 Dec 2019

India:General and health insurers see 90% plunge in profits

The Indian general and health insurance sector saw their profits after tax (PAT) plummet to INR6.83bn ($96.1m) for financial year 2018-2019 from INR69.1bn the previous year. This marked a significant decrease of 90%, revealed the latest Insurance Regulatory and Development Authority of India (IRDAI) annual report 2018-2019.

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