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Premiums of non-life insurers rise 10.38% in Aug, health insurers gain most

General insurers, 25 in all, saw their premium collection go up 5.57 per cent in August 2020 to Rs 13,139.63 crore, compared to Rs 12,445.83 crore in the same period last year

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Despite good growth in premiums in August, cumulative premiums collected in April – August period of FY21 were mostly flat.

Subrata Panda Mumbai
Non-life insurers, which include general insurers, standalone health insurers and specialised PSU insurers, have seen a 10.38 per cent growth in premiums in August. 

They have amassed premiums to the tune of Rs 17,623.25 crore in August compared to Rs 15,964.74 crore in the same period a year ago.

General insurers — 25 in total — have seen their premium collection go up 5.57 per cent in August 2020 to Rs 13,139.63 crore, compared to Rs 12,445.83 crore in the same period a year ago. 

State-owned general insurers saw their premiums decline 0.5 per cent in August 2020 to Rs 4,690.92 crore compared