INSURANCE
Non-life insurers register 13% rise in November premium to Rs 14,592 crore: IRDAI
Dec-19-2019

The Insurance Regulatory and Development Authority of India (IRDAI) in its latest data has showed that India’s Non-life insurance companies registered a rise of 13.1 percent in their collective premium in November 2019 to Rs 14,590.50 crore as against Rs 12,903.57 crore in the same month of the previous year.

Of the all 34 non-life insurers, 25 general insurers registered an increase of 11 percent in their premium income at Rs 12,723.61 crore during the month as against Rs 11,508.67 crore in the year-ago same period. Seven standalone private sector health insurance companies witnessed their premium rising by 29 percent to Rs 1,167.66 crore, from Rs 903.65 crore in November 2018. While, the rest two specialised state-owned insurers, Agricultural Insurance Company of India and ECGC, registered jump of 42 percent in the premium collection at Rs 699.22 crore from Rs 491.25 crore a year ago. On a cumulative basis, the premium of all the non-life insurers during April-November were up by 15.57 percent at Rs 1,26,048.45 crore, as against 1,09,068.12 crore a year ago.

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