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Mar 20, 2014
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Non life insurance premium rises 5% in February
The premium income of non life insurance companies, including that of four public sector entities, grew 5% in February to Rs6,066.30 crore. The four PSU entities—National Insurance, New India Assurance, Oriental Insurance and United India Insurance—saw their gross premium collection rise by 2.6% year-on-year to Rs3,394.83 crore in February.
During the month, these four entities accounted for about 56% of the total premium collected by general insurance companies. The gross premium of 28 players in the general insurance market during April-February period of 2013-14 rose by 12.84% to Rs69,833.07 crore, according to data available with Insurance Regulatory and Development Authority (IRDA).
Source -
http://www.livemint.com
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