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Based on the data for July 2024, which of the following are the top two private sector general insurance companies in terms of gross premium underwrit
Question

Based on the data for July 2024, which of the following are the top two private sector general insurance companies in terms of gross premium underwritten?
1. ICICI Lombard General Insurance
2. Bajaj Allianz General Insurance
3. HDFC Ergo General Insurance
4. Tata AIG General Insurance
5. Reliance General Insurance

A.

1 and 2

B.

1 and 3

C.

2 and 3

D.

3 and 4

E.

2 and 5

Correct option is A

The top two private sector general insurance companies in July 2024 based on gross premium underwritten are:
1. ICICI Lombard General Insurance: Reported a premium of ₹2,765.42 crore, with a growth of 15.74%.
2. Bajaj Allianz General Insurance: Reported a premium of ₹2,415.53 crore, though it faced a decrease of 35.8%.
Additional Details:
· HDFC Ergo General Insurance: Reported a premium of ₹1,651.59 crore with the highest growth rate of 36.51% but ranks third in premium size.
· The non-life insurance industry as a whole witnessed a 9.28% Y-o-Y growth in July 2024, with contributions from motor and health insurance segments.

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