Insurance premium to grow, as economy expands

Moody's Ratings on Monday projected the Indian economy to grow by 7% in the current fiscal and said robust economic expansion will drive growth in insurance premiums.

- PTI

Moody's expects Indian insurers to benefit from sustained premium growth, helped by India's robust economic expansion and rising demand for health insurance. Higher premium income, driven also by an anticipated rise in prices as the government reforms the country's dominant state-owned insurance sector, will improve the industry's current weak profitability.