India’s ICICI Lombard General Insurance reported a decline in third-quarter profit on Tuesday, as the rise in payouts to agents and employees outweighed strong demand in the retail health and motor insurance segments.
Sign up here.
Demand for health insurance in India has surged in recent years amid rising medical costs and heightened consumer awareness.
Tax cuts further boosted momentum in the quarter for both retail health and auto insurance. However, insurers a… [1145 chars]
Source: Reuters | Published: 2026-01-13T13:34:17Z
Credit: Reuters
