Bounce in car sales help insurers offset Corona losses
Synopsis
Leading insurers are seeing a healthy jump in their motor vehicle portfolio with premiums accrued from new business growing both corresponding to preceding months and the same period of last year, executives at leading insurance companies said.
Mumbai: The surging demand seen for affordable cars and two-wheelers in the festive season, with sales volume peaking in October, is helping general insurers offset losses on account of high medical claims due to the rising coronavirus hospitalisations across the country.Leading insurers are seeing a healthy jump in their motor vehicle portfolio with premiums accrued from new business growing both corresponding to preceding months and the same
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