A report by Nuvama noted that industry growth appeared subdued due to the impact of the new accounting policy for long-term health premiums, along with strong motor sales in the base period.
Meanwhile, state-owned New India Assurance reported a 6.52 per cent Y-o-Y increase in premiums.
Consequently, the numbers are not directly comparable.“For multi-line insurers, the change in premium accounting norms has led to a Y-o-Y decline in premiums.
The story "Non-life insurers report dip in Dec premiums under Irdai's revised norms" has 432 words across 23 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Non-life insurers report dip in Dec premiums under Irdai's revised norms" was covered 20 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 304 news stories per day.
It's most recent story was published 2 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.