Non-life insurers see 19.6% rise in April-May premium

Non-life insurers collected Rs 13,552 cr in the first two months of FY14 against Rs 11,333 cr of FY13

General insurance firms saw a 19.6 per cent growth in premium collection for the April-May period over the last year's period. Non-life insurers collected Rs 13,552.46 crore in the first two months of FY14 against Rs 11,333.54 crore of FY13.

Private general insurers saw a 28.3 per cent premium rise over the previous year and collected Rs 6,173.29 crore. Public general insurers saw a 13.1 per cent rise in premium collection over the previous financial year and contributed Rs 7379.17 crore to the kitty.