Non-life insurance gross premiums up 14% to Rs 15,800 cr in Feb

Specialised PSU insurers in agri business and export covers see impressive 200% growth; general and standalone health insurers see 9% and 2% growth, respectively

The gross premium underwritten by non-life insurers rose 14 per cent in February with premiums of Rs 15,767.09 crore compared to Rs 13,805.82 crore in the same period, a year ago. This follows a 6.7 per cent growth in premiums in January, 12 per cent in December, and low single-digit growth in November.

The non-life insurance industry is made up of general insurers, standalone health insurers, and specialised PSU insurers. In February, general insurers' premium collection rose almost 9 per cent to 13,159 crore compared to 12,088.2 core in the same period last year. But, the standalone health insurers saw