INSURANCE
Non-life insurers register 7.2% rise in January premium income at Rs 17226 crore: IRDAI
Feb-17-2020

The Insurance Regulatory and Development Authority of India (IRDAI) in its latest data has showed that India’s Non-life insurance companies registered a 7.2% rise in their combined new premium collection at Rs 17,225.75 crore in January this fiscal as against Rs 16,076.28 crore in the same month of the previous year.

Of the all 34 non-life insurers, the 25 general insurance providers had a collective premium of Rs 14,643.26 crore during the month, up 2.2% from the same period of 2019. The seven stand-alone private sector non-life insurers registered a 28% jump in their collective premium income at Rs 1,530.75 crore in January. While, the rest of the specialised PSU insurers -- Agricultural Insurance Company of India and ECGC -- reported 92% spurt in total premium at Rs 1,051.73 crore during the month. Cumulatively, the premium during April-January of this fiscal for non-life insurance companies rose 14.52% to Rs 1.59 trillion.

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