General insurance companies see brisk rise in investments: Irdai data

Total investments of non-life insurance firms until March-end 2016 stood at around Rs 1,88,126 cr

Backed by a healthy growth in sectors like motor and health insurance, investments of non-life insurance companies rose by around 128 per cent in the past five years. A majority of the investments got channelised into government securities.

According to data from Insurance Regulatory and Development Authority of India (Irdai), total investments of non-life insurance companies until March-end 2016 stood at around Rs 1,88,126 crore, over Rs 82,520 crore in the corresponding month in 2011.

Further, in 2017, the premium collected on account of crop insurance scheme is likely to add to the investment pool of non-life insurers. According to