Greener pastures ahead for insurance business; LIC bounces back

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Insurers had a tough business period in the 2014-15 financial year owing to macroeconomic conditions and slowdown in automobile sales. Overall, both the life and general insurance sectors have seen a slower rate of growth in premiums.

However, initial data from the life and general insurance councils suggest that both non-life and life insurers are seeing a better run with respect to premium collection in April and May