INSURANCE
Non-life insurers’ gross direct premium underwritten reports 15% growth in September
Oct-15-2026

The General Insurance Council in its latest data (Provisional) has showed that non-life insurers reported 15.01% growth in gross direct premium underwritten at Rs 30820.11 crore for the month of September 2026 (excluding specialised companies - Agricultural Insurance Company of India and ECGC) as compared to Rs 26798.14 crore in the September 2025. Of the total, general insurance companies, with market share of 83.76%, garnered gross direct premium underwritten of Rs 26438.11 crore in the month under review as compared to Rs 23350.58 crore in the corresponding month of previous year, registering a growth of 13.22%. 

Among other major players, premium of SBI General Insurance Co surged 37.01% Y-o-Y to Rs 1673.25 crore in September 2026; premium of IFFCO-Tokio General Insurance Co rose 36.93% Y-o-Y to Rs 995.98 crore; premium of Zurich Kotak Mahindra General Insurance Co increased 35.36% Y-o-Y to Rs 192.07 crore; premium of Royal Sundaram General Insurance Co increased 32.89% Y-o-Y to Rs 409.58 crore; premium of Liberty General Insurance Co increased 27.94% Y-o-Y to Rs 287.36 crore; premium of HDFC Ergo General Insurance Co increased 24.85% Y-o-Y to Rs 2081.5 crore; premium of Shriram General Insurance Co increased 21.82% Y-o-Y to Rs 440.97 crore; premium of Acko General Insurance increased 18.82% Y-o-Y to Rs 269.56 crore; premium of The Oriental Insurance Co increased 16.34% Y-o-Y to Rs 2515.43 crore; premium of Tata AIG General Insurance Co increased 15.66% Y-o-Y to Rs 2117.03 crore; premium of ICICI Lombard General Insurance Co was up by 13.73% Y-o-Y to Rs 2196.31 crore.

Besides, standalone health insurers, with market share of 14.24%, garnered gross direct premium underwritten of Rs 4,382.00 crore in September 2026 as compared to Rs 3447.56 crore in September 2025, i.e. up by 27.10%. Among all, premium of Galaxy Health Insurance Company jumped more than threefold to Rs 25.37 crore; Narayana Health Insurance at Rs 1.55 crore up by 74.16%; ManipalCigna Health Insurance Co at Rs 199.98 crore up by 47.49%; Care Health Insurance at Rs 1041.64 crore up by 44.03%; Niva Bupa health insurance company at Rs 789.02 crore up by 33.10%; Aditya Birla Health Insurance Co at Rs 561.34 crore up by 9.33%; and Star Health & Allied Insurance Co at Rs 1762.81 crore up by 19.63%.

Moreover, specialised insurers (market share 2.01%) showed de-growth of 49.90% in gross direct premium underwritten at Rs 2131.05 crore in September 2026 as compared to Rs 4253.92 crore in the September 2025. Within the specialised insurers, premium of Agricultural Insurance Company of India fell by 51.56% to Rs 1995.43 crore, while premium of ECGC was up by 0.64% to Rs 135.62 crore.

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