News From Press Non-life insurance companies’ premium jumps 16% in May

Non-life insurance companies’ premium jumps 16% in May

Source: Business Line Jun 9, 2017

The total premium of non-life insurance companies saw a jump of 16 per cent to Rs. 9,605 crore in May when compared with a premium of Rs. 8,268 crore in May 2016, according to the data provided by the insurance regulator.

Of the total premium underwritten by non-life insurance companies during the month, public sector insurers garnered Rs. 4,989 crore, while private players secured about ₹ 4,616 crore, according to the Insurance Regulatory and Development Authority of India (IRDAI).

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