Muggy April-May for general insurers

 In the first two months of the current year, the industry has recorded a Rs 276 crore growth in premium and collected a total premium of Rs 3,096 crore (Rs 2,820 crore).

 In percentage terms, the industry grew by just 9.8 per cent as against the 19 per cent growth posted during the corresponding period in the previous year.

 The growth rate has slid down from 12 per cent in April to 9.8 per cent in May. It is the public sector insurers that seem to be dragging down the growth rate of the industry, going by the Insurance Regulatory and Development Authority (Irda)