Document Detail
Title: GDP flash Figure of Non-Life Insurers up to November 2024
Reference No.: GDP flash Figure of Non-Life Insurers up to November 2024
Date: 19/12/2024
GDP flash Figure of Non-Life Insurers up to November 2024
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA | |||||||||
FLASH FIGURES - NON LIFE INSURERS (Provisional & Unaudited) | |||||||||
GROSS DIRECT PREMIUM UNDERWRITTEN FOR AND UPTO THE MONTH OF NOVEMBER, 2024 | |||||||||
(Rs. in crores) | Market Share upto the Month of Nov, 2024 (%) | Growth over corresponding period of Previous Year (%) | |||||||
S.No. | Insurers | For the Month of NOV | Upto the Month of NOV | ||||||
2024-25 | 2023-24 | 2024-25 | 2023-24 | ||||||
1 | Acko General Insurance Limited | 175.91 | 167.45 | 1383.16 | 1196.28 | 0.67% | 15.62% | ||
2 | Bajaj Allianz General Insurance Company Limited | 1364.67 | 1219.01 | 15781.54 | 14115.03 | 7.69% | 11.81% | ||
3 | Cholamandalam MS General Insurance Company Limited | 633.24 | 590.27 | 5460.50 | 4907.96 | 2.66% | 11.26% | ||
4 | Future Generali India Insurance Company Limited | 270.80 | 291.09 | 3480.18 | 2990.26 | 1.70% | 16.38% | ||
5 | Go Digit General Insurance Limited | 650.61 | 675.55 | 5855.05 | 5367.76 | 2.85% | 9.08% | ||
6 | HDFC Ergo General insurance Company Limited | 936.00 | 1192.09 | 11266.45 | 11732.71 | 5.49% | -3.97% | ||
7 | ICICI Lombard General Insurance Company Limited | 2036.77 | 2092.25 | 18660.61 | 16722.91 | 9.10% | 11.59% | ||
8 | IFFCO Tokio General Insurance Company Limited | 687.86 | 806.86 | 5586.31 | 6738.04 | 2.72% | -17.09% | ||
9 | Kshema General Insurance Company Limited | 9.92 | 25.26 | 709.97 | 365.40 | 0.35% | 94.30% | ||
10 | Liberty General Insurance Limited | 171.13 | 167.07 | 1547.92 | 1503.03 | 0.75% | 2.99% | ||
11 | Magma General Insurance Limited | 228.58 | 257.81 | 2019.59 | 1773.03 | 0.98% | 13.91% | ||
12 | National Insurance Company Limited | 1421.73 | 1477.87 | 11773.84 | 10798.74 | 5.74% | 9.03% | ||
13 | NAVI General Insurance Limited | 5.20 | 4.66 | 37.05 | 42.24 | 0.02% | -12.29% | ||
14 | Raheja QBE General Insurance Company Limited | 16.85 | 23.97 | 297.28 | 133.90 | 0.14% | 122.03% | ||
15 | Reliance General Insurance Company Limited | 1033.34 | 869.30 | 9270.13 | 8246.40 | 4.52% | 12.41% | ||
16 | Royal Sundaram General Insurance Company Limited | 290.80 | 284.81 | 2530.68 | 2295.00 | 1.23% | 10.27% | ||
17 | SBI General Insurance Company Limited | 836.69 | 869.34 | 8385.54 | 7512.86 | 4.09% | 11.62% | ||
18 | Shriram General Insurance Company Limited | 344.32 | 277.76 | 2302.48 | 1876.79 | 1.12% | 22.68% | ||
19 | Tata AIG General Insurance Company Limited | 1288.22 | 1150.68 | 11737.59 | 9996.82 | 5.72% | 17.41% | ||
20 | The New India Assurance Company Limited | 2513.53 | 2364.20 | 25113.00 | 24381.43 | 12.24% | 3.00% | ||
21 | The Oriental Insurance Company Limited | 1474.10 | 1229.05 | 13012.04 | 11825.31 | 6.34% | 10.04% | ||
22 | United India Insurance Company Limited | 1279.03 | 1434.53 | 12866.55 | 12475.01 | 6.27% | 3.14% | ||
23 | Universal Sompo General Insurance Company Limited | 421.25 | 387.27 | 3621.73 | 3337.59 | 1.77% | 8.51% | ||
24 | Zuno General Insurance Limited | 76.67 | 84.37 | 640.63 | 494.58 | 0.31% | 29.53% | ||
25 | Zurich Kotak General Insurance Company Limited | 143.55 | 125.73 | 1239.34 | 930.00 | 0.60% | 33.26% | ||
General Insurers Total | 18,310.76 | 18,068.23 | 1,74,579.17 | 1,61,759.07 | 85.10% | 7.93% | |||
26 | Aditya Birla Health Insurance Company Limited | 298.31 | 258.34 | 2817.23 | 2087.73 | 1.37% | 34.94% | ||
27 | Care Health Insurance Company Limited | 586.67 | 527.75 | 5371.53 | 4244.98 | 2.62% | 26.54% | ||
28 | ManipalCigna Health Insurance Company Limited | 117.15 | 120.45 | 1081.09 | 1016.35 | 0.53% | 6.37% | ||
29 | Niva Bupa Health Insurance Company Limited | 501.79 | 437.52 | 4156.24 | 3286.95 | 2.03% | 26.45% | ||
Reliance Health Insurance Limited | 0.00 | 0.00 | 0.00 | 0.00 | 0.00% | #DIV/0! | |||
30 | Star Health & Allied Insurance Company Limited | 1226.58 | 1138.97 | 10223.36 | 8948.31 | 4.98% | 14.25% | ||
31 | Narayana Health Insurance Limited | 0.16 | 0.40 | 0.00 | 0.00% | #DIV/0! | |||
32 | Galaxy health Insurance Company Limited | 0.61 | 0.00 | 0.73 | 0.00 | 0.00% | #DIV/0! | ||
Stand-alone Pvt Health Insurers | 2,730.65 | 2,483.03 | 23,649.85 | 19,584.31 | 11.53% | 20.76% | |||
33 | Agricultural Insurance Company of India Limited | 502.48 | 106.37 | 6078.85 | 6273.60 | 2.96% | -3.10% | ||
34 | ECGC Limited | 111.90 | 103.83 | 829.66 | 769.43 | 0.40% | 7.83% | ||
Specialized PSU Insurers | 614.38 | 210.20 | 6,908.51 | 7,043.03 | 3.37% | -1.91% | |||
GRAND TOTAL | 21,655.80 | 20,761.47 | 2,05,137.53 | 1,88,386.41 | 100.00% | 8.89% | |||
Note: Compiled on the basis of data submitted by the Insurance companies | |||||||||
*Takeover of Reliance Health Insurance portfolio by Reliance General Insurance | |||||||||
*** The report is as per new accounting treatment for long term policies premium recognition with effect from October 1, 2024. | |||||||||