Public players report higher collection than private players for the month of February 2012.
Public sector general insurers have reported a premium collection of Rs. 2843 crore for gross premium underwriting, whereas private insurers reported Rs. 2046 crore, for February 2012 according to IRDA data.
Among private players: ICICI Lombard leads the way with Rs. 425 crore, followed by Bajaj Allianz at Rs. 280 crore and IFFCO-Tokio at Rs. 186 crore.
Among PSUs, National Insurance is still ahead of the game with its premium collection at Rs. 686 crore, followed by New India Assurance at Rs. 653 crore, United India at Rs. 596 crore and Oriental Insurance at Rs. 449 crore.
The three standalone health insurance companies have shown a better performance with Apollo Munich at Rs. 70 crore, Star Health at Rs. 52 crore and Max Bupa at Rs. 10 crore.
Source: IRDA figures for the month of February 2012