Gen insurance sector to grow by 20%: Iffco-Tokio

General insurance major Iffco- Tokio today said the segment in the country is expected to grow by around 20 per cent this fiscal, with the automobile and health sectors providing the major impetus. The company, a 74-26 per cent joint venture between Indian Farmers Fertiliser Cooperative Ltd (IIFCO) and Japan''s largest insurance group Tokio Marine and Nichido Fire, also said the momentum was likely to continue, albeit at a slower pace next fiscal.

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