Public sector companies earned a premium of Rs 9,812.27 crore in September, up 7 per cent compared to Rs 9,163.48 crore in the same month last year, the data released by Insurance Regulatory and Development Authority of India (Irdai) today showed.
Private sector non-life insurers collected Rs 7,718.37 crore during the month, up 23 per cent year-on-year.
Among private sector non-life insurance companies, Bajaj Allianz wrote premium of Rs 1,387.08 crore in September (up 52.3 per cent); ICICI Lombard Rs 1,218.35 crore (up 22.1 per cent); HDFC Ergo General Rs 1,005.75 crore (up 0.7 per cent); Reliance General Rs 877.38 crore (up 1.6 per cent).
SBI General recorded premium of Rs 434.64 crore (up 90 per cent); Tata AIG Rs 387 crore (down 22 per cent) and Cholamandalam Rs 432.33 crore (up 32 per cent) among others.
Standalone private health insurers recorded a rise of 42.7 per cent in their premium at Rs 635.88 crore.
The two specialised public sector insurers -- ECGC and AIC -- reported a combined premium of Rs 3,505.28 crore, slightly down from a year ago.
Aditya Birla Health, that commenced operations in October 2016, registered premium of Rs 16.09 crore.
On cumulative basis, total premium collected by all the non-life insurers grew by 19.46 per cent to Rs 72,564.42 crore during April-September.
Public sector companies witnessed a growth of 14.42 per cent at Rs 37,607.56 crore while private sector firms earned premium of Rs 34,956.86 crore, a rise of 25.41 per cent over the same duration a year ago.