Non-life insurance cos register over 7 pc rise in gross premium at Rs 18,953 cr in Dec 2021
- Country:
- India
The gross direct premium underwritten by non-life insurance companies grew by 7.3 per cent to Rs 18,953.09 crore in December 2021, data from Irdai showed on Monday.
The non-life insurance companies had underwritten gross premium valuing at Rs 17,662.32 crore in December 2020.
In a break-up, the 24 general insurance companies had registered a gross premium of Rs 16,109.62 crore in December 2021, up by 4.2 per cent from Rs 15,463.51 crore in the year-ago period, as per data of the Insurance Regulatory and Development Authority of India (Irdai).
The five standalone health insurance companies registered a 31.3 per cent rise in their gross underwritten premium at Rs 1,740.15 crore during the month, against Rs 1,325.03 crore a year ago.
The two specialised PSU insurers -- Agricultural Insurance Company of India Ltd and ECGC Ltd -- witnessed a 26.3 per cent increase in their gross premium at Rs 1,103.33 crore compared to Rs 873.78 crore, as per the data. On a cumulative basis, the gross premium underwritten by all the 31 non-life insurance companies registered an 11.18 per cent increase at Rs 1,61,081.60 crore during the April-December period of 2021-22.
It stood at Rs 1,44,879.54 crore during the same period of 2020-21.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- 18
- 953.09
- Irdai
- ECGC Ltd
- Agricultural Insurance Company of India
ALSO READ
Man accused of rape in 2018 acquitted by court in recent ruling
SC to hear plea for voting facilities for 18,000 internally displaced people in Manipur LS polls
IPL 2024: Arshdeep's heavy dose of pace stuns SRH, helps PBKS restrict Hyderabad to 182/9
Noida Police Seize Over Rs 18 Lakh Cash in Five Incidents within 24 Hours
Polish sex orgy priest gets 18 months in jail