Non-life insurers' premium income up 7% YoY to Rs 14,809 cr in June

Non-life insurers’ premium income jumped 7 per cent year-on-year (YoY) in June to Rs 14,809.27 crore, from Rs 13,842.27 crore in the same period last year.

Sequentially, the premium income of non-life insurers was up 20 per cent, after a slump of 28 per cent in May, when insurers earned premium income of Rs 12,316.5 crore. In April the premium income was Rs 17,309.54 crore.

The non-life insurance industry is comprised of general insurers, standalone health insurers, and specialised PSU insurers.

The general insurers, 25 in total, saw their premium income go up by 5 per cent in June to