INSURANCE
Non-life insurers reports marginal rise in gross direct premium underwritten for March
Apr-10-2025

The General Insurance Council in its latest data (Provisional) has showed that non-life insurers reported 1.79% rise in gross direct premium underwritten at Rs 26,119.41 crore for the month of March 2025 (excluding specialised companies - Agricultural Insurance Company of India and ECGC) as compared to Rs 25,660.08 crore in the March 2024. 

Of the total, general insurance companies, with market share of 83.90%, garnered gross direct premium underwritten of Rs 21319.28 crore in the month under review as compared to Rs 21339.64 crore in the corresponding month of previous year, registering a de-growth of 0.10%. Among all, premium of Navi General Insurance Co up by 273.84%, SBI General Insurance Co up by 26.19%, Shriram General Insurance Co up by 23.28%, Future Generali India Insurance Co up by 21.06%, Magma General Insurance Co up by 19.04% and Universal Sompo General Insurance Co up by 14.21%. However, Raheja QBE General Insurance Co down by 80.01%, Kshema General insurance Co down by 66.82%, HDFC Ergo General Insurance Co down by 28.53% and Reliance General Insurance Co down by 26.96%. 

Standalone health insurers, with market share of 12.49%, garnered gross direct premium underwritten of Rs 4,800.13 crore in March 2025 as compared to Rs 4,320.44 crore in March 2024, i.e. up by 11.10%. Among all, Aditya Birla Health Insurance Co up 26.66%, ManipalCigna Health Insurance Co up by 22.28%, Care Health Insurance up by 15.01%, Niva bupa health insurance company up by 14.26%. 

Specialised insurers showed de-growth of 36.21% in gross direct premium underwritten at Rs 579.53 crore in March 2025 as compared to Rs 908.5 crore in the March 2024. Within the specialised insurers, premium of Agricultural Insurance Company of India down by by 45.21%, while premium of ECGC up by 4.18% in the month of March this year.

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