Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai
![Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/09/23/201954-insurance.jpg?itok=bcVGdAlm&c=dd81d9cf1a19dd64b9bdb91586d6a947)
Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed.
In the same month a year ago, all the 31 non-life insurance companies in the domestic market had garnered a gross premium income of Rs 21,867.93 crore.
According to the data provided by the Insurance Regulatory and Development Authority of India (Irdai), a total of 24 general insurers witnessed a 9.3 per cent growth in their collective gross direct premium income in August at Rs 17,101.75 crore as against Rs 15,648.63 crore in the year-ago period.
The five standalone health insurance providers reported a jump of 28 per cent in their gross direct premium income during the month at Rs 2,059.38 crore. The figure stood at Rs 1,609.75 crore in August 2021.
The rest two specialised public sector insurers in the non-life space witnessed a 15.2 per cent rise in their combined premium income in August 2022 at Rs 5,310.82 crore as against Rs 4,609.55 crore a year ago.
On a cumulative basis, all the 31 players' gross direct premium income in April-August period of 2022-23 rose by 18.57 per cent to Rs 1,02,357.29 crore. It was Rs 86,329.09 crore in same period of 2021-22.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/markets/stocks/photo-gallery-psu-multibagger-stock-to-buy-motilal-oswal-picks-hudco-for-up-to-9-per-cent-returns-check-target-stop-loss-share-price-nse-bse-stock-market-news-303619](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306717-stock-market-pixa.jpg?itok=Tjaq_GFo)
MOFSL suggests buying this multibagger PSU stock which has given almost 5x returns in a year; check out target
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
09:12 AM IST