Non-life premium income rises 6.7% to Rs 8,421 cr in April

Tags: Insurance
Premium income of non-life insurers grew by 6.73 per cent to Rs 8,421.45 crore in April this year, according to data of insurance sector regulator Irda.

Public sector non-life insurers registered a rise of 8.41 per cent in their premium income to 4,602.52 crore.

Privately-owned companies in the segment saw their premium rising by 4.77 per cent in April to Rs 3,818.93 crore, Insurance Regulatory and Development Authority (Irda) said in the release.

Among the four public sector non-life players, New India registered a growth of 13.94 per cent in its premium income at Rs 1,544.43 crore and National Insurance Company witnessed a rise of 10.29 per cent at Rs 1,013.28 crore during April.

United India had a premium income of Rs 1,095.51 crore in April, up 7.22 per cent from a year ago, while Oriental Insurance Company had premium collection of Rs 817.32 crore, an increase of 10.04 per cent from year-ago period.

In the private sector, the premium income of SBI General rose by 5.37 per cent to Rs 105.38 crore and HDFC ERGO General had premium income of Rs 350.45 crore, down 15.95 per cent from a year ago.

Among others in the private space, premium of Reliance General increased by 14.51 per cent to Rs 340.07 crore and that of ICICI Lombard grew by a meagre 3.47 per cent to Rs 846.28 crore.

Bharti AXA General had a rise of 6.33 per cent in its premium collection at Rs 207.39 crore, while Bajaj Allianz registered a growth of 9.56 per cent to Rs 421.23 crore in April.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture