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flag India's general insurance industry forecast shows robust growth driven by economic activity and private insurer leadership.

flag India's general insurance industry is forecast to grow by 8.7% in FY2026 and 10.9% in FY2027, reaching between ₹3.21 lakh crore and ₹3.24 lakh crore in FY2026. flag This growth, according to ICRA, is driven by better economic activity, pricing discipline, and increased vehicle sales. flag Private insurers are expected to lead this growth, while public sector insurers face moderate expansion due to weak capital positions.

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