Advances NBFC Exposure: MFs Outstanding Remains steady at 11% of Banks’ Advances NBFC

Overview In April 2023, the non-life insurance industry reported a premium of Rs. 25,640.7 crore growing by 20.5%, compared to 23.3% growth for the same period last year. This growth has continued to be driven by health (especially the group segment), and motor insurance. Meanwhile, the fire segment underperformed with subdued y-o-y growth of 7.1%. Non-Life_Insurance_Update_for_April_2023