Archive · 21 Sep 2026
India’s Non-Life Premiums Rise 10% as Health Leads Growth
India’s non-life insurance companies collected more money in August than they did a year earlier.
Total premiums grew by 10% to ₹27,455 crore.
Health insurance was the biggest reason for the increase.
Health premiums rose 18% and made up almost 40% of all August premiums.
Retail health insurance grew even faster, by 32.5%.
Crop insurance also jumped because some states gave farmers more time to enroll.
Motor insurance continued to grow, but more slowly because fewer vehicles were registered.
The report said the slower growth outside fire and crop insurance did not necessarily mean people wanted less retail insurance.
Growth in retail health insurance may slow later because of changes in the comparison base related to GST.
Non-life insurance premiums rose 10% year-on-year to ₹27,455 crore in August.
Health insurance premiums increased 18% to ₹10,834 crore, accounting for 39.5% of August premiums.
Retail health insurance grew 32.5%, staying above 30% for the fifth consecutive month.
Crop insurance premiums nearly tripled to ₹3,274 crore after states extended Kharif enrolment deadlines.
Private insurers and standalone health insurers held 73.3% of August premiums, their highest share of FY27.
- Who
- India’s non-life insurance industry, including private insurers and standalone health insurers, as reported by CareEdge Ratings.
- What
- Non-life insurance premiums grew 10% year-on-year in August, with health and crop insurance driving the increase.
- When
- August; the report also covers April–August FY27 and compares results with July and the previous year.
- Where
- India.
- Why
- Health insurance demand remained strong, while crop premiums rose after states extended Kharif enrolment deadlines; motor growth was affected by slower vehicle registrations.
- August non-life premiums
- ₹27,455 crore
- Year-on-year growth
- 10% in August
- Health premium
- ₹10,834 crore, up 18% year-on-year
- Retail health growth
- 32.5%, above 30% for the fifth consecutive month
- Crop premium
- ₹3,274 crore in August, nearly three times July’s amount
- April–August FY27 growth
- 9.6%, compared with 6% during the corresponding period last year
- Private and standalone health insurers’ share
- 73.3% of August premiums
