Kolkata July 10 (IANS) Thirty non-life insurers posted a 21.95 per cent increase in their gross premium income to Rs 33 302.89 crore in the first three months of the current fiscal as compared to Rs 27 309.59 crore in the same period last year Insurance Regulatory Authority of India (IRDAI) data revealed on Monday.
According to the data the gross direct premium income underwritten in June was at Rs 11 512.40 crore up by over 35 per cent from Rs 8 521.28 crore in the year-ago month.
The data showed private sector general insurers gross premium income stood at Rs 14 986.85 crore in April-June quarter up by about 28 per cent from Rs 11 738.98 crore in the corresponding period last year.
For June only their gross premium income was at Rs 5 010 crore up by 38 per cent from Rs 3 626.55 crore in the same month last year.
The same for public general insurers including specialised PSUA insurers in the June quarter was at Rs 16 864.81 crore registering a 16 per cent growth from Rs 14 562.86 crore in the corresponding period last year the IRDAI report said.
Only in June gross direct premium income of public insurers stood at Rs 5 980.81 crore up by 32 per cent from Rs 4 533.33 crore in year-ago month.
Standalone private health insurers gross direct premium income underwritten was at Rs 1 451.23 crore in April-June period which was a growth of 44 per cent from Rs 1 007.75 crore in the year-ago period.
Public general insurers have the market share of 50.64 per cent while private players have 49.36 per cent.
--IANS
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