19% Growth In Premium Income Of Indian General Insurance Industry
Indian General Insurance Industry has registered a growth of 19% unlike other 23 private companies which have gathered 12.62% premium collection growth. Hyderabad, 10th
According to IRDA (Insurance Regulatory and Development Authority), there is a gross premium collection growth of 24.59% year-on-year to Rs 4,106.23 crore by the four public insurers namely- National Insurance Company, Oriental Insurance, New India Assurance and United India Insurance in January.
Among the private sector companies, premium income growth of ICICI Lombard is raised by 6.6% to Rs 703.22 crore and of Reliance General up 14.1 % to Rs 184.97 crore. Apollo Munich has acquired a growth of 52.98% to Rs 166.77 crore in January. SBI General up by 38.85% to Rs 111.72 crore, Tata-AIG by 5.7% to Rs 203.46 crore and HDFC Ergo General has registered a growth of 9.5% to Rs 231.21 crore.
For the first ten months of the current financial year 2013-14, the premium collected by public general insurance companies grew by 11.77 per cent from a year earlier to Rs 35,674.79 crore, where as private players’ cumulative premium during April-January of the ongoing fiscal increased 16.17 per cent to Rs 28,091.97 crore.
The data given by the insurance watchdog reveals an increment of 13.66% to Rs 63,766 crore during April-January in the gross premium of the state-run and private players of the non life insurance market.
Find similar car insurance quotes by body type
Car insurance articles
09 Jan 2023Yes, your comprehensive car insurance policy may cover the damages
03 Jan 2023As per the IRDAI guidelines, all motor insurance sectors including
09 Dec 2022Roadside Assistance is an add-on cover offered with your
06 Dec 2022No, any damage to the nut bolt or any other consumable of your
05 Dec 2022Third-party car insurance is a mandatory cover as per the motor