General insurers log Rs 17,679 crore premium in October

Gallery

MORE...

Sports

Hockey India names Amir Ali-led 20-man team for Junior Asia Cup

Hockey India on Monday announced the 20-member squad for the Men's Junior Asia Cup, a qual

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

MORE...

General insurers log Rs 17,679 crore premium in October

Last Updated : 10 Nov 2021 01:05:43 PM IST

General insurers log Rs 17,679 crore premium in October

Indian non-life insurance segment closed last month on a positive note with a total premium of Rs 17,679.98 crore, said Insurance Regulatory and Development Authority of India (IRDAI).

According to IRDAI, the 31-non-life insurers had earned a premium of Rs 17,679.98 crore last month up from Rs 15,906.71 crore earned in October 2020.

Government owned The New India Assurance Company Ltd led the industry earning Rs 2,705.84 crore followed by ICICI Lombard General Insurance Company Ltd with Rs 1,675.29 crore and HDFC Ergo General Insurance with Rs 1,236.10 crore.

While the industry grew overall, public sector companies United India Insurance Company Ltd, National Insurance Company Ltd, ECGC Ltd and private sector players NAVI General Insurance Ltd and Shriram General Insurance Company Ltd logged negative growth.

Within the industry, all the five standalone health insurers had a positive business growth last month and they had earned Rs 1,609.37 crore as premium.

Last month the two specialised insurers -- Agricultural Insurance Company of India Ltd and ECGC Ltd -- earned a premium of Rs 338.57 crore and Rs 80.38 crore respectively.