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The insurance industry in India is growing at a fast rate. This finds proof that today there are about 58 insurance companies in India, of which 35 are non-life insurers (25 general insurers, 7 standalone health, 2 specialised insurers). The only and the biggest public sector company is Life Insurance Corporation of India. With this, the general insurance premium income in India stood at u20b91,087 billion till September 2021.
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