Gross direct premium income up 12 pc to Rs 24,471

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Gross direct premium income up 12 pc to Rs 24,471

During August, the gross direct premium income was up 12 per cent and the gross direct premium income was at Rs 24,471. The data from sector regulators shows 95 crore.

In the same month a year ago, all 31 non-life companies in the domestic market had a gross premium income of Rs 21,867. There are 93 crores of dollars.

In August, a total of 24 witnessed a 9.3 per cent growth in their collective gross direct premium income at Rs 17,101, according to the data provided by the Regulatory and Development Authority of India Irdai. As of now, 75 crore were lost against 15,648. In the year-ago period, there were 63 crore.

The five standalone health insurance providers reported a jump of 28 per cent in gross direct premium income at Rs 2,059. 38 crore. The figure was Rs 1,609. In August 2021, there were 75 crore.

The combined premium income of the two specialised public sector insurers in the non-life space increased by 15.2 per cent in August 2022 to Rs 5,310. As against Rs 4,609, 82 crore was lost. A year ago, 55 crore were made.

In the April-August period of 2022 -- 23 players gross direct premium income increased by 18.57 per cent to Rs 1,02, 357.29 crore. It was 86,329. In the same period 2021 -- 22, 09 crore were generated.