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CARE Ratings Research Report
The non-life insurance industry has continued its robust performance with the August 2021 monthly numbers reporting a 24.4% growth versus 10.1% growth witnessed in August 2020 and 19.5% growth witnessed in July 2021.
Non-life insurance premium reached Rs 21,871.7 crore for the month of August 2021 compared to Rs 17,580.6 crore in August 2020.
The growth has continued to be driven by the health segment; however, the crop insurance segment has emerged as the largest contributor to the premiums for the month of August 2021.
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