Non-life insurers record 6.7% growth in gross premiums in January

This comes after a double-digit growth in premiums in December and low single-digit growth in November, preceded by contraction in September and October

Gross premium underwritten by non-life insurers in January grew 6.7 per cent year on year (YoY) to Rs 18,488 crore compared to Rs 17,333.7 crore in the year ago period. This comes after a double digit growth in premiums in December and low single-digit growth witnessed in November, which was preceded by contraction in September and October.

General insurers, 25 in total, collected Rs 16,247.34 crore premium in January, up 10.8 per cent compared to the same period a year ago. The standalone health insurers, surprisingly, saw a marginal contraction of 1.33 per cent in premiums collected in January at