New Delhi, April 8 -- The Indian insurance sector is likely to see a strong growth in the new health and term segment, according to a report by Nuvama.

The financial services company further added in the report that choppy markets could dampen linked products' sales.

"We estimate strong growth shall continue in the new health/term segment," the Nuvama report said.

For general insurers, the industry growth has slowed down in January 2025 and February 2025 to just 6.6 per cent.

The report added that the aggregate sales growth is likely to stay at just 6.3 per cent.

As highlighted by the report, in January 2025, individual APE (Annualised Premium Equivalent) growth for private insurers rose 19.6 per cent, but growth slowed to just 1.6 p...