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Shriram General Insurance (SGIC), a joint venture between Shriram Group holding company Shriram Capital Ltd and South African major Sanlam, said on Friday that its main focus areas in the 2023-24 fiscal is electric vehicle insurance. The firm added that it has already tied up with several original equipment manufacturers (OEMS) towards this end.
While the company is closing 2022-23 with a growth of 28-29 per cent in gross direct premium, it hopes to touch 40 per cent in 2023-24, a senior SGIC executive told Business Standard. In comparison, the industry posted 11 per cent growth in FY22. It expects
