Non-life insurers: Down, but not out

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The non-life insurance sector saw a dip in total premium collection in April-February 2014. Tepid growth in the automobile segment, the main contributor to total premiums, was one of the reasons. While private general insurers saw 16.1 per cent growth, public general insurers recorded 11.7 per cent growth during the period. The sector saw double-digit growth in FY13