Public sector co’s have garnered good mkt. share of the gross premium in first qtr. of the FY 2023-24, with New India, United India & Oriental Insurance placed at no. 1,3 & 4 respectively. New India Assurance is way ahead with Mkt. share of 16.16% whereas the private sector co. ICICI Lombard is at no. 2 but with wide gap having 9.94% share only. .United India & Oriental Insurance are close behind the leaders with 7.15 & 6.51 percent respectively. The other PSU namely National Insurance has slipped to no. 7 behind the Tata AIG & Bajaj Allianz.
| GROSS DIRECT PREMIUM INCOME UNDERWRITTEN BY NON-LIFE INSURERS WITHIN INDIA FOR THE PERIOD UPTO June 2023 (PROVISIONAL & UNAUDITED ) IN FY 2023-24 | ||
| General Insurers | Market % | |
| The New India Assurance Co Ltd | 16.16% | |
| ICICI Lombard General Insurance Co Ltd | 9.94% | |
| United India Insurance Co Ltd | 7.15% | |
| The Oriental Insurance Co Ltd | 6.51% | |
| Tata AIG General Insurance Co Ltd | 6.02% | |
| Bajaj Allianz General Insurance Co Ltd | 5.90% | |
| National Insurance Co Ltd | 5.53% | |
| HDFC Ergo General Insurance Co Ltd | 5.33% | |
| Reliance General Insurance Co Ltd | 4.43% | |
| IFFCO-Tokio General Insurance Co Ltd | 4.09% | |
| Go Digit General Insurance Ltd | 3.10% | |
| SBI General Insurance Co Ltd | 3.07% | |
| Cholamandalam MS General Insurance Co Ltd | 2.62% | |
| Future Generali India Insurance Co Ltd | 1.82% | |
| Universal Sompo General Insurance Co Ltd | 1.58 | |
| Royal Sundaram General Insurance Co Ltd | 1.26% | |
| Magma HDI General Insurance Co Ltd | 0.93% | |
| Shriram General Insurance Co Ltd | 0.87% | |
| Liberty General Insurance Co. Ltd | 0.87% | |
| Acko General Insurance Ltd | 0.65% | |
| Kotak Mahindra General Insurance Co Ltd | 0.49% | |
| Zuno General Insurance Co Ltd | 0.22% | |
| Raheja QBE General Insurance Co Ltd | 0.06% | |
| Navi General Insurance Co. Ltd | 0.02% | |
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