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Non-life insurers' premium up 19.46% at Rs 20,000 crore in July

In July, non-life insurers - 33 in total - earned premiums to the tune of Rs 20,171.15 crore, against Rs 16,885 crore in the same month last year

Irdai, insurers, brokers, GIC
premium

In the first quarter (Q1) of 2021-22 (FY22), health insurance premiums grew 3-per cent YoY to Rs 17,497 crore, with retail health growing at 33 per cent, and group health at 23 per cent.

Subrata Panda Mumbai
Non-life insurers, which include general, standalone, and specialised public-sector, have recorded 19.46-per cent year-on-year (YoY) growth in premiums in July.
 
In July, non-life insurers — 33 in total — earned premiums to the tune of Rs 20,171.15 crore, against Rs 16,885 crore in the same month last year.
 
On a year-to-date (YTD) basis (April-July), insurers saw their premiums go up 15.49 per cent to Rs 64,607.25 crore, against Rs 55,939.85 crore in the same period last year.
 
General insurers, who cover risks ema­nating from a whole host of segments, such as motor, health, crop, fire, marine, and