Low automobile sales in May hit insurers' premium income

The premium collection for non-life insurers dropped 9% in May and 10% for the two months of the fiscal, largely on the back of a 23% decline in the motor premiums and 48% decline in crop premiums collected by the industry in May, data from IRDAI showed.

from Banking/Finance-Industry-Economic Times https://ift.tt/2USkJcy