Non-life insurers' Apr-Dec premium up 15 pc to Rs 1.42 lakh crore
Jan 29, 2020, 16:49 IST
New Delhi, Jan 29 () Non-life insurance companies reported a 15 per cent rise in their combined premium collection during April-December period of the current fiscal at Rs 1,42,119.65 crore, data from Irdai showed.
The 34 non-life insurance companies had collected premium of Rs 1,23,061.14 crore during the same period of 2018-19 fiscal.
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Public sector insurers registered a 12 per cent growth in premium income at Rs 62,954.22 crore during nine months ended December as against Rs 56,233.98 crore in the corresponding period a year ago, as per the Insurance Regulatory and Development Authority of India (Irdai) data.
For 21 insurers in the private sector, the collective premium income during April-December rose 18 per cent to Rs 79,165.43 crore from Rs 66,827.16 crore in the year-ago period.
The seven standalone health sector players saw 32 per cent increase in premium to Rs 9,677.02 crore as against Rs 7,314.41 crore in the year-ago period.
Two specialised non-life companies -- Agricultural Insurance Company of India Limited and ECGC -- witnessed a 31 per cent rise in their premium income at Rs 8,571.10 crore during the nine months to December as compared with Rs 6,535.51 crore in the year-ago period. KPM RVK(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)