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Standalone Health Insurers Drive Non-Life Premium Growth in September
In September, insurance companies in India collected more premiums than they did a year earlier.
The total for non-life insurance reached ₹32,951 crore, a 6% increase.
Health insurance companies that operate on their own grew especially quickly.
Their premiums rose 27% to ₹4,382 crore.
General insurers also reported higher premiums overall.
Private general insurers grew faster than public sector insurers.
SBI General Insurance reported a 37% increase.
New India Assurance’s premiums were nearly unchanged.
India’s non-life insurers reported September premiums of ₹32,951 crore, up 6% year on year.
Standalone health insurers recorded a 27% increase to ₹4,382 crore.
Public and private general insurers together grew premiums 13% to ₹26,438 crore.
Private general insurers grew 15% to ₹17,316 crore, while public insurers rose 9% to ₹9,122 crore.
Among named insurers, SBI General Insurance reported the fastest growth, with premiums up 37% to ₹1,673 crore.
- Who
- India’s non-life insurers, including general insurers and standalone health insurers.
- What
- They reported gross direct premiums of ₹32,951 crore, up 6% year on year.
- Where
- India.
- When
- September; the article does not specify the year.
- Why
- Overall growth was led by a 27% increase in premiums reported by standalone health insurers.
Key facts
- Total non-life premiums
- ₹32,951 crore in September, up 6% year on year
- Standalone health insurers
- ₹4,382 crore, up 27%
- General insurers combined
- ₹26,438 crore, up 13%
- Private general insurers
- ₹17,316 crore, up 15%
- Public sector insurers
- ₹9,122 crore, up 9%
- SBI General Insurance
- ₹1,673 crore in gross direct premiums, up 37%
- New India Assurance
- ₹3,304.53 crore in premiums; growth was flat
Sources
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