Due to the lockdown, segments barring fire, engineering, health, aviation and liability showed a decline in their premium numbers. Premium growth during April-Nov 2020 was 31.2 per cent as compared to 45.7 per cent in the same period last year.
The marine segment de-grew 10.3 per cent in April-November FY21 compared with 14.1 per cent growth witnessed in April-Nov November FY20.
Motor insurance segment also witnessed a decline. Muted growth in the economy and subdued activity in the auto sales impacted the business.