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Non-life insurers register 13% rise in Nov premium to Rs 14,592 crore

Non-life insurance companies registered a rise of 13.1% in their collective premium in November to Rs 14,590.50 crore, data from Irdai showed.

The business premium in the same month of the previous year by these 34 non-life insurance firms stood at Rs 12,903.57 crore.

Break-up wise, of the total non-life insurers, the 25 general insurers registered an increase of 11% 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, showed the Insurance Regulatory and Development Authority of India (Irdai) data.

Seven standalone private sector health insurance companies witnessed their premium rising by 29% to Rs 1,167.66 crore, from Rs 903.65 crore in November 2018.

Two specialised state-owned insurers, Agricultural Insurance Company of India Ltd and ECGC Ltd, registered jump of 42% in the premium collection at Rs 699.22 crore from Rs 491.25 crore a year ago, showed the data.

Cumulatively, the premium of all the non-life insurers during April-November were up by 15.57% at Rs 1,26,048.45 crore, as against 1,09,068.12 crore a year ago.
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