BREAKING NEWS

Advertisement

Business

Updated on: Wednesday, November 10, 2021, 02:25 PM IST

Indian non-life insurance segment clocks premium of Rs 17,679.98 cr: 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 / Representational Image |

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 / Representational Image |

Advertisement

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.

(With inputs from IANS)

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Wednesday, November 10, 2021, 02:25 PM IST
Advertisement