Premiums of non-life insurers rise 18.4% to Rs 17,011 cr in July

The biggest gainers were the standalone health insurers, 6 in all, with premiums rising more than 40 per cent to Rs 1,573.96 crore

Non-life insurers, which include general insurers, standalone health insurers and specialised PSU insurers, have registered an 18.4 per cent YoY growth in premiums in July. They have amassed premiums of Rs 17,011 crore in July, compared to Rs 14,369 crore in July 2019. 

However, in the April- July period, premium growth of non-life insurers was almost flat at 1.62 per cent. General insurers, 25 in total, saw their premium rise 13 per cent to Rs 13,862 crore in July, against Rs 12,277 crore, largely driven by private insurers, whose premium collection has gone up 23 per cent to Rs 8,737.67 crore.