New Delhi, Oct. 23 -- India's general insurance (GI) industry is expected to witness modest growth in FY27 amid intense competition and pricing pressures in the motor insurance segment, even as strong demand for retail health insurance and easing pricing aggression in the fire segment are likely to support growth, according to a report by Emkay.

As per Emkay, India's general insurance industry recorded approximately 7 per cent year-on-year growth in Gross Direct Premium Income (GDPI) during the second quarter of financial year 2026-27 (Q2 FY27), on the back of strong performance in the motor and health insurance segments.

"Going forward, we expect the industry to report modest growth in FY27," it said.

The retail health insurance segme...