India's general insurers shift focus to profitable underwriting: BCG

Insurance companies collect money from people to protect them if something bad happens, like a car crash or a fire.

A big consulting company called BCG studied insurance companies in India.

The study found that insurance companies are now trying to make money carefully instead of just selling as many policies as possible.

Private insurance companies are doing well and staying steady.

Big private insurers made more profit this year than last year.

Government-owned insurance companies are having a harder time and losing money.

Health insurance is growing very fast in India.

Fire and crop insurance make the most profit for companies.

The whole industry collected about 3.36 lakh crore rupees last year.

This shows the insurance market in India is growing up and becoming more mature.