“We have registered a registered a year-on-year growth of 43 percent in individual annual premium equivalent (APE), with a new retail premium collection of Rs 575 crore by the end of fiscal 2018 from Rs 403 crore a year ago,” a company statement said

In one of the noteworthy features private sector ICICI Lombard General Insurance – with  a premium of Rs 12, 357 crore , up 15 per cent-  has overtaken public sector Oriental Insurance Company- with a premium of  Rs11, 452 crore, up  six per cent – as the fourth largest player during the year.

The aim of the meeting was to prepare an action plan to increase the growth rate at the district level by 3-4 per cent per annum by accelerating economic activities. Larger aim of this initiative is to help India become a USD 5 trillion economy,” the commerce ministry said in a statement.