Non-life insurance companies' premium rise 15.5% in May, shows data

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Non-life insurance companies' premium rise 15.5% in May, shows data - Business Standard

Quick Summary:

Among the companies, the industry leader, New India Assurance Company, saw a marginal drop of 0.67 per cent Y-o-Y in premium to Rs 2,404.

In terms of market share, the public sector general insurers stood at 33.82 per cent of the overall insurance industry in May 2024 as against 36.45 per cent in May 2023.

In May 2024, gross underwritten premiums of the five Standalone Health Insurers (SAHI) increased by 26.24 per cent Y-o-Y to Rs 2,651.65 crore.