×
E-PAPER ▾

E-paper

Business

General insurers clock 32% jump in Aug premium

| | New Delhi

India's general insurers clocked over 32 per cent jump in premium collection at Rs 11,931.01 crore in August this fiscal, Irdai data showed. The non-life insurers of the country had underwritten a gross premium of Rs 9,013.43 crore in August 2016-17. In a break-up of the data, regulator Irdai said there was a rise of 40 per cent in public general insurers' premium at Rs 6,279.31 crore in August, from Rs 4,489.63 crore in the same month a year ago.

There are only four public sector general insurers in the country - New India Assurance Co, National Insurance Company, United India Insurance and Oriental Insurance -- which collectively own the majority of the market share. Specialised public sector insurers  ECGC and AIC -- reported a more than two-fold jump in their gross direct premium at Rs 1,776.83 crore against Rs 664.46 crore in August 2016, showed the Insurance Regulatory and Development Authority of India (Irdai).

Agriculture Insurance Company of India Ltd (AIC) takes care of farm-related insurance needs while Export Credit Guarantee Corporation of India (ECGC) is meant for export credit insurance support for Indian exporters.  For private general insurers, gross premium grew 25 per cent to  Rs 5,651.70 crore in August, from Rs 4,523.8 crore in the same month a year earlier. 

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

‘Ban entry into Puri temple Garvagriha’

17 Dec 2017 | PNS | BHUBANESWAR

The State Government has recommended to the Shree Jagannath Temple Administration (SJTA) to stop entry of devotees into the sanctum sanctorum (Garvagriha) of the shrine. In a letter to the SJTA, the Government has asked for restrictions on darshan of the deities by devotees, including VIPs...

Read More

STATE EDITIONS

View All

Police probing from different angles in dead bodies’ case

18 Dec 2017 | PNS | Dehradun

Police are investigating different possibilities in the case of the two men found dead at the Sant Nirankari Satsang Bhawan on Friday. The bodies of Kamal Ram, a native of Rudraprayag and Sonu Kumar of Dehradun were found at Sant Nirankari Satsang Bhawan near Haridwar Bypass...

Read More

Page generated in 0.4366 seconds.