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Gross premiums of non-life insurers grow 15% to Rs 1.42 trillion

While the gross premiums underwritten by private non-life insurers grew by 17 per cent to Rs 69,488 crore, that of the state-owned non-life insurers grew by 12 per cent YoY to Rs 62,954 crore

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Non-life insurers | Non-life insurance premium | insurance plans

Subrata Panda 


IPOs, funding

recorded 15 per cent growth in gross premiums underwritten at Rs 1.42 trillion in April-December 2019, against Rs 1.23 trillion in the same period last fiscal year. While the gross premiums underwritten by private grew by 17 per cent to Rs 69,488 crore, that of the state-owned grew by 12 per cent YoY to Rs 62,954 crore. On a standalone basis, the health insurers showed impressive growth, with gross premiums rising 32 per cent to Rs 9,677.02 crore in the period versus Rs 7,314.41 crore in year-ago period.

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First Published: Wed, January 29 2020. 01:33 IST

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