19% Growth In Premium Income Of Indian General Insurance Industry

Get Car Insurance starting at only ₹2,094/year ^#

Enter your car number (e.g DL1AB1234)

Processing

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

Renew policy in 2 minutes*
20+ Insurers to choose
51 Lakh+ Vehicles Insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year ^#

Looking for Car Insurance?

Popular models

Other models

All Variants
Manual
Automatic

Popular variants

Other variants

Select your variant

View all variants

Full Name

Mobile No.

View Prices

By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use

Get Updates on WhatsApp

Select Make

Select Model

Fuel Type

Select variant

Registration year

Registration month

Save & update

Search with another car number?

March 2014: Where 23 private companies have possessed 12.62% growth in premium collection i.e. up to Rs 3,274.48 crore, the Indian general insurance industry has registered a growth of 19% during the month of January to Rs 7,380.72 crore. There are 27 general insurance companies among which 23 are private and four are state-run.

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.