Spotlight

The Insurance Regulatory and Development Authority of India (IRDAI) has released data of insurance premium for the financial year 2019.

The life insurer’s premium income grew 11 per cent in FY19 over the previous year, non-life insurers registered a growth of 13 per cent. However, private players fared better than state-run players in both life and non-life sectors. For instance, while in life insurance, LIC’s annual growth slowed down to 6 per cent in FY19 as against 8 per cent in FY18, in non-life, state-run players’ premium income grew at only 5 per cent against the growth of 6 per cent recorded in FY18.

LIC’s share in life insurance sector was down from 69.4 per cent in FY18 to 66.24 per cent in FY19; within non-life, public sector players’ share fell from 6 to 5 per cent.

Premium wise non-life insurers’ premium income stood at Rs 1.70 lakh crore in FY19, against Rs 1.51 lakh crore a year ago.

whereas for life insurance, total premium income grew to Rs 2 lakh crore from Rs 1.9 lakh crore. Out of this, private players’ income premia stood at Rs 72,481 crore, while LIC accounted for the rest at Rs 1.4 lakh crore.

Companey wise nonlife insurance premium for year 2019

 

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
FLASH FIGURES — NON LIFE INSURERS (Provisional & Unaudited)
‘GROSS DIRECT PREMIUM UNDERWRITTEN FOR AND UPTO THE MONTH  OF MARCH, 2019
(Rs. in crores)
S.No. INSURER For The Month of MARCH Upto MARCH 2019
2018-19 2017-18 2018-19 2017-18
1 Acko General Insurance Limited          22.60             0.69           141.15               0.92
2 Bajaj Allianz General Insurance Company Limited    1,021.17         846.30      11,058.96        9,445.22
3 Bharti AXA General Insurance Company Limited       230.42         188.49        2,258.87        1,753.58
4 Cholamandalam MS General Insurance Company Limited       470.16         343.91        4,428.14        4,102.48
5 DHFL General Insurance Limited          12.94           35.50           243.06           141.08
6 Edelweiss General Insurance Company Limited            8.26             1.17             92.55               1.30
7 Future Generali India Insurance Company Limited       334.88         172.13        2,554.01        1,906.38
8 Go Digit General Insurance Limited       480.67           48.22        1,204.98             93.74
9 HDFC Ergo General insurance Company Limited       728.36         652.22        8,612.85        7,289.97
10 ICICI Lombard General Insurance Company Limited       899.44         855.62      14,488.23      12,356.85
11 IFFCO Tokio General Insurance Company Limited       906.33     1,004.76        7,002.00        5,631.89
12 Kotak Mahindra General Insurance Company Limited          36.29           22.68           301.11           185.39
13 Liberty General Insurance  Limited       101.00           83.53        1,125.00           816.53
14 Magma HDI General Insurance Company Limited       125.26           66.34           970.11           526.69
15 National Insurance Company Limited    2,146.76     1,588.53      15,178.23      16,193.55
16 Raheja QBE General Insurance Company Limited          19.13           14.56           115.96             83.45
17 Reliance General Insurance Company Limited       511.79         423.70        6,191.03        5,069.08
18 Royal Sundaram General Insurance Company Limited       283.03         255.99        3,172.63        2,623.44
19 SBI General Insurance Company Limited       735.80         485.78        4,706.55        3,544.20
20 Shriram General Insurance Company Limited       284.76         245.12        2,356.35        2,100.76
21 Tata AIG General Insurance Company Limited       663.92         563.63        7,742.66        5,435.92
22 The New India Assurance Company Limited    2,550.64     2,533.69      23,910.77      22,718.76
23 The Oriental Insurance Company Limited    1,566.82     1,238.68      13,246.31      11,452.05
24 United India Insurance Company Limited    1,587.88     2,091.61      16,384.60      17,429.95
25 Universal Sompo General Insurance Company Limited       129.61         509.12        2,830.92        2,310.86
 General Insurers Total  15,857.92   14,271.97    150,317.03   133,214.04
26 Aditya Birla Health Insurance Company Limited          76.32           34.90           496.80           243.17
27 Apollo Munich Health Insurance Company Limited       345.17         271.42        2,196.92        1,717.51
28 Cigna TTK Health Insurance Company Limited          55.06           50.63           484.82           346.40
29 Max Bupa Health Insurance Company Limited       136.95         110.13           947.14           754.47
30 Religare Health Insurance Company Limited       165.40         143.18        1,825.57        1,091.61
31 Star Health & Allied Insurance Company Limited       954.84         814.85        5,413.48        4,161.11
32 Reliance Health Insurance Limited            1.88  NA                4.09  NA
 Stand-alone Pvt Health Insurers    1,735.62     1,425.11      11,368.82        8,314.27
33 Agricultural Insurance Company of India Limited       272.72         655.63        7,178.21        7,893.39
34 ECGC Limited       148.27         155.79        1,247.54        1,240.39
 Specialized PSU Insurers       420.99         811.42        8,425.75        9,133.78
 GRAND TOTAL  18,014.53   16,508.50    170,111.60   150,662.09
Note: Compiled on the basis of data submitted by the Insurance companies
NA: Not Applicable

 

Companey wise life insurance premium for year 2019

List of nonlife insurers:

 

 

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