<ul><li>The non-life insurance sector in India experienced growth in premiums and improved claims ratio in 2023-24, according to the IRDAI's annual report.</li><li>The net incurred claims to net earned premium ratio for the non-life insurance industry stood at 82.52% in 2023-24.</li><li>Public sector general insurers saw an 8.88% increase in their contribution, rising from Rs 82,891 crore in 2022-23 to Rs 90,252 crore in 2023-24.</li><li>Private sector insurers, including standalone health insurers, underwrote Rs 1.88 lakh crore, up from Rs 1.58 lakh crore in 2022-23.</li></ul>

Non-Life Insurance Sector Sees Growth In Premiums And Improved Claims Ratio In 2023-24: IRDAI

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