Gross premium of non-life insurance companies’ gross premium increased by 9 per cent to Rs. 10,012.41 crore in November. They had collected a gross premium of Rs. 9,179.84 crore during the same month of 2016-17.
According to the Insurance Regulatory and Development Authority of India (IRDAI), there are 30 non-life insurance companies in the country, of which six are standalone health insurers, two are specialised and the rest general insurance firms.
The 22 general insurance companies collected a total premium of Rs. 9,188.58 crore in November, up 8.5 per cent from a year ago. The gross premium of standalone health insurance companies jumped nearly 46 per cent from a year ago to Rs. 610.34 crore in November 2017-18. However, premium of the specialised insurers -- AIC and ECGC -- fell 27 per cent to Rs. 213.49 crore.
