After poor show in Sept, non-life insurers' premiums up 15.5% YoY in Oct

Demand for health and motor insurance to continue though growth may dip, say experts

The non-life insurance industry bounced back in October, as premiums grew at 15.51 per cent year-on-year (YoY) and marked a change from a disappointing number in September.

The industry netted premiums to the tune of Rs 20,423.38 crore in October, up 15.51 per cent from the year-ago period, according to data put out by General Insurance Council (GIC).

General insurers, who operate multiple lines of business, reported a 17.5 YoY growth of Rs 18,390.86 crore on the back of a robust performance by state-owned firms. Standalone health insurers reported a 20 per cent YoY jump in premiums in the same