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Non-life insurers' gross premium up 9 per cent at Rs 10,012 crore in November

Non-life insurers' gross premium up 9 per cent at Rs 10,012 crore in November

Finance
Non-life insurance companies' gross premium increased by 9 per cent to Rs 10,012.41 crore in November, according to data from Irdai. They had collected gross premium of Rs 9,179.84 crore during the same month of 2016-17. There are a total of 30 non-life insurance companies in the country, of which six are standalone health insurers, two are specialised and the rest general insurance firms. The 22 general insurance companies collected total premium of Rs 9,188.58 crore in November, up 8.5 per cent from a year ago. The gross premium of standalone health insurance companies jumped nearly 46 per cent from a year ago to Rs 610.34 crore in November 2017-18. However, premium of the specialised insurers -- AIC and ECGC -- fell 27 per cent to Rs 213.49 crore, showed the data from the ...