Non-life insurers see 2.7% growth in premiums in November at Rs 14,981 cr

Non-life insurers have reported a 2.7 per cent year on year (yoy) growth in gross direct premium underwritten in November after witnessing a marginal decline in premium collection in October.

Non-life insurers were in the red in September also, with premium collection slipping 4.41 per cent. And, in October premiums for non-life insurers contracted by 0.41 per cent.

In November, non-life insurers, which include general insurers, standalone health insurers, and specialised PSU insurers, reported gross direct premium underwritten to the tune of Rs 14,981 crore, compared to 14,585.91 crore in the same period last financial year.

While the general insurers,