Non-Life Insurers Register 13% Rise In November Premium To Rs 14,591 Crore
Non-life insurance companies registered a rise of 13.1 percent in their collective premium in November to Rs 14,590.50 crore, data from the Insurance Regulatory and Development Authority of India showed.
The business premium in the same month of the previous year by these 34 non-life insurance firms stood at Rs 12,903.57 crore.
Break-up wise, of the total non-life insurers, the 25 general insurers registered an increase of 11 percent in their premium income at Rs 12,723.61 crore during the month, as against Rs 11,508.67 crore in the year-ago same period, showed the data.
Seven standalone private sector health insurance companies witnessed their premium rising by 29 percent to Rs 1,167.66 crore, from Rs 903.65 crore in November 2018.
Two specialised state-owned insurers, Agricultural Insurance Company of India Ltd. and ECGC Ltd., registered jump of 42 percent in the premium collection at Rs 699.22 crore from Rs 491.25 crore a year ago, showed the data.
Cumulatively, the premium of all the non-life insurers during April-November were up by 15.57 percent at Rs 1,26,048.45 crore, as against 1,09,068.12 crore a year ago.