Non-life insurance coverage corporations reported a 14 per cent enhance within the premium assortment to Rs 1.73 trillion throughout April-February this monetary 12 months, in keeping with the Insurance coverage Regulatory and Growth Authority of India (Irdai) information.
As many as 34 non-life insurance coverage corporations had collected a complete premium of over Rs 1.52 lakh crore in the identical interval of 2018-19.
Public sector insurance coverage corporations witnessed an increase of 11 per cent of their premium revenue at Rs 76,369.72 crore in the course of the first 11 months of 2019-20, the information confirmed.
The 2 specialised public sector corporations, AIC and ECGC, reported a 25 per cent soar within the assortment at Rs 10,032.72 crore within the interval.
Personal sector non-life insurance coverage suppliers collected a complete premium of Rs 97,072 .18 crore throughout April-February 2019-20, up by 17 per cent a 12 months in the past.
Seven standalone well being insurers within the non-public sector reported a 21.31 per cent soar of their whole premium revenue at Rs 12,602.31 crore within the interval as towards Rs 9,633.21 crore in the course of the year-ago interval.