INSURANCE
Non-life insurers reports 14% rise in gross direct premium underwritten for April
May-09-2025

The General Insurance Council in its latest data (Provisional) has showed that non-life insurers reported 13.64% rise in gross direct premium underwritten at Rs 33595.04 crore for the month of April 2025 (excluding specialised companies - Agricultural Insurance Company of India and ECGC) as compared to Rs 29561.44 crore in the April 2024. 

Of the total, general insurance companies, with market share of 91.02%, garnered gross direct premium underwritten of Rs 30662.19 crore in the month under review as compared to Rs 26918.88 crore in the corresponding month of previous year, registering a growth of 13.91%. Among all, premium of Navi General Insurance Co up by 462.78%, Zurich Kotak Mahindra General Insurance Co up by 59.57%, The Oriental Insurance Co up by 56.53%, SBI General Insurance Co up by 42.69%, Shriram General Insurance Co up by 32.44%. However, Raheja QBE General Insurance Co down by 52.54%, HDFC Ergo General Insurance Co down by 6.22%,  Cholamandalam MS General Insurance Co down by 2.00%. 

Standalone health insurers, with market share of 8.71%, garnered gross direct premium underwritten of Rs 2,932.85 crore in April 2025 as compared to Rs 2,642.56 crore in April 2024, i.e. up by 10.99%. Among all, Aditya Birla Health Insurance Co up 22.59%, ManipalCigna Health Insurance Co up by 14.00%, Niva bupa health insurance company up by 8.75%, Care Health Insurance up by 8.72%.

Specialised insurers showed de-growth of 20.25% in gross direct premium underwritten at Rs 93.44 crore in April 2025 as compared to Rs 117.17 crore in the April 2024. Within the specialised insurers, premium of Agricultural Insurance Company of India down by 81.37%, while premium of ECGC up by 1.76% in the month of April this year.

  RELATED NEWS >>