Non-life Insurers

Non-life insurers report single digit growth in premiums in FY26 so far

General insurance premiums as well as those for standalone health insurers reported single-digit growth in the April-August period of FY26

Non-life insurers clocked 2.7% growth in premiums in July, shows data

General insurers report flat premiums in July while standalone health insurers see modest growth; overall momentum slows amid accounting changes, weak motor segment

India's non-life insurance premiums rise 5.2% in June 2025: CareEdge

India's non-life insurance industry registered a 5.2 per cent increase year-on-year in premiums to Rs 23,422.5 crore in June 2025, according to a report released by CareEdge Ratings on Wednesday. This was lower than the 8.4 per cent growth recorded in June 2024. "The transition to the 1/n rule has impacted the industry's performance, resulting in a slowdown in health insurance growth to single digits and muted growth in the passenger vehicle (PV) segment, which was partially offset by renewals in the commercial lines," the report noted. Despite the moderation in premium growth, non-life insurance premiums crossed the Rs 3-lakh crore mark in FY25, driven by supportive regulations, rising insurtech adoption, accelerating digitalisation, and an expanding middle class, the report said. Moreover, the government's Bima Trinity push is poised to accelerate growth in the non-life insurance sector. Further, standalone health insurers are expected to maintain their dominance in the retail ..

Non-life insurers' premium rises 6.3% in May, led by health players

Non-life insurance premiums rose to ₹22,126.72 crore in May 2025, with robust contributions from standalone health and specialised insurers despite regulatory format changes

Hike Motor TP rates, cut GST on health premiums: Non-life insurers to govt

DFS Secretary urges insurers to improve claims processing in order to reduce customer inconvenience

Non-life insurers' premium touches Rs 3 trillion mark in FY25 amid slowdown

The 6.2 per cent increase in premiums collected come in the backdrop of slowing economic growth in the closing quarters of FY25 and a change in accounting norms

Non-life insurers' premium likely to improve in FY26, say experts

In FY25, premium of non-life insurers rose to ₹3.08 trillion, marking a 6.2 per cent year-on-year (Y-o-Y) increase

Q3 results preview: Irdai's revised norms to weigh on life insurers' margin

Higher claims and operating expenses to impact non-life insurers' combined ratio

Non-life insurers report dip in Dec premiums under Irdai's revised norms

Even in Q3, their premium growth slowed down to a meagre 1 per cent year-on-year

Non-life insurers' premiums increase 4.4% in November, shows data

According to data from the General Insurance Council, general insurers collected Rs 21,671.43 crore in premiums in November, reflecting a 4 per cent YoY increase

Non-life premiums fall 6.5% in September as crop, auto segments drag

In H1, premiums of non-life insurers were up 7% Y-o-Y

State-owned non-life insurers report Rs 7,558 cr net profit in FY24

The government had infused capital worth Rs 17,450 crore in three years from FY20 to FY22 to restore solvency levels to control level

Non-life insurance companies report 15.5% increase in May premium

Among the companies, the industry leader, New India Assurance Company, saw a marginal drop of 0.67 per cent Y-o-Y in premium to Rs 2,404.34 crore

Irdai issues exposure draft on EoM for insurers based on RRC suggestions

The exposure draft has upheld and continues to propose a 30 per cent and 35 per cent limit on EoM for general insurers and standalone health insurers, respectively

Non-life insurance companies report 14% growth in June, shows GIC data

For the April-June period, these companies reported a growth of 17.5% to Rs 63,574.30 crore

Non-life insurers may have to reduce payouts to adhere to EoM norms

Unlisted life players may rack up a commission war to gain market share

Non-life insurers see 12% rise in gross direct premium income in Aug: Irdai

Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed. In the same month a year ago, all the 31 non-life insurance companies in the domestic market had garnered a gross premium income of Rs 21,867.93 crore. According to the data provided by the Insurance Regulatory and Development Authority of India (Irdai), a total of 24 general insurers witnessed a 9.3 per cent growth in their collective gross direct premium income in August at Rs 17,101.75 crore as against Rs 15,648.63 crore in the year-ago period. The five standalone health insurance providers reported a jump of 28 per cent in their gross direct premium income during the month at Rs 2,059.38 crore. The figure stood at Rs 1,609.75 crore in August 2021. The rest two specialised public sector insurers in the non-life space witnessed a 15.2 per cent rise in their combined premium income in Augus

Life insurers' new business premia up 18% in August despite large base

In FY23, so far, non-life insurers have reported a 19 per cent growth in premia to Rs 1.02 trillion

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5 per cent to 4 per cent for FY23. The impact of the reduction on GIC Re would be around Rs 2,000 crore