Data Alert
Gross premium of non-life insurance cos rises 13.2% YoY in Sept
This story was originally published at 16:15 IST on 7 October 2025
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--Non-life insurers premium INR 311.78 bln in Sept
--CONTEXT: General Insurance Council releases Sept premium income data
--New India Assurance's premium INR 32.52 bln in Sept, up 3.5% YoY
--Bajaj Allianz General's premium INR 22.19 bln in Sept, up 31.4% YoY
--ICICI Lombard General's premium INR 19.31 bln in Sept, up 6.2% YoY
--Go Digit General's premium INR 7.61 bln in Sept, up 9.6% YoY
--Star Health's premium INR 15.19 bln in Sept, up 3.4% YoY
--Niva Bupa Health's premium INR 5.93 bln in Sept, down 1.5% YoY
NEW DELHI – The gross direct premium underwritten by non-life insurance companies rose 13.2% on year to INR 311.78 billion in September, according to data released by the General Insurance Council Tuesday. The premium income was INR 249.53 billion in August.
The New India Assurance Co. Ltd.--the largest non-life insurer by market share--reported a 3.5% on-year rise in gross direct premium to INR 32.52 billion in September. The public sector insurer's market share rose to 13.25% in September from 12.60% a year ago, but was lower than 13.91% in August.
Gross direct premium underwritten by Bajaj Allianz General Insurance Co. Ltd. increased 31.4% on year to INR 22.19 billion in September. ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 19.31 billion for last month, up 6.2% on year.
The total gross direct premium underwritten by general insurance companies was INR 234.31 billion in September, up 1.9% on year. The premium income of standalone health insurers rose 3.1% on year to INR 34.93 billion last month.
Among standalone health insurance companies, Aditya Birla Health Insurance Co. Ltd.'s gross direct premium underwritten rose 11.4% on year to INR 5.13 billion. Agriculture Insurance Co. of India Ltd., a specialised insurer, saw a 295% jump in premium income in September to INR 41.19 billion.
For Apr-Sept, the gross direct premium underwritten by non-life insurance companies rose 7.3% to INR 1.65 trillion, data showed.
Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in September, in INR million, compared with the year-ago period, and their market share:
| Insurers | Gross direct premium underwritten | YoY % growth | Market Share % | ||
| September 2025 | September 2024 | September 2025 | September 2024 | ||
| General Insurers | |||||
| Acko General Insurance Ltd | 2,734.20 | 1,770.90 | 54.40% | 0.72% | 0.68% |
| Bajaj Allianz General Insurance Co Ltd | 22,188.00 | 16,891.70 | 31.35% | 7.00% | 6.86% |
| Cholamandalam MS General Insurance Co Ltd | 6,182.00 | 7,574.50 | (-)18.38% | 2.21% | 2.66% |
| Generali Central Insurance Company Limited | 2,869.30 | 3,018.50 | (-)4.94% | 1.51% | 1.76% |
| Go Digit General Insurance Ltd | 7,608.10 | 6,943.70 | 9.57% | 2.96% | 2.84% |
| HDFC Ergo General Insurance Co Ltd | 16,672.40 | 17,327.50 | (-)3.78% | 4.47% | 5.77% |
| ICICI Lombard General Insurance Co Ltd | 19,312.40 | 18,184.40 | 6.20% | 8.68% | 9.36% |
| IFFCO-Tokio General Insurance Co Ltd | 7,307.40 | 6,880.20 | 6.21% | 2.65% | 2.62% |
| Kshema General insurance | 44.00 | 499.70 | (-)91.19% | 0.18% | 0.28% |
| Liberty General Insurance Co. Ltd | 2,246.10 | 1,845.90 | 21.68% | 0.80% | 0.74% |
| Magma General Insurance Limited | 2,378.40 | 2,067.50 | 15.04% | 1.01% | 0.98% |
| National Insurance Co Ltd | 12,594.50 | 15,767.20 | (-)20.12% | 5.02% | 5.11% |
| Navi General Insurance Co. Ltd | 66.50 | 48.20 | 37.97% | 0.03% | 0.02% |
| Raheja QBE General Insurance Co Ltd | 207.70 | 400.20 | (-)48.10% | 0.06% | 0.16% |
| Reliance General Insurance Co Ltd | 17,197.90 | 19,623.10 | (-)12.36% | 4.21% | 4.73% |
| Royal Sundaram General Insurance Co Ltd | 3,110.40 | 2,896.10 | 7.40% | 1.33% | 1.25% |
| SBI General Insurance Co Ltd | 12,212.60 | 13,899.50 | (-)12.14% | 4.36% | 4.28% |
| Shriram General Insurance Co Ltd | 3,619.90 | 3,081.30 | 17.48% | 1.24% | 1.04% |
| Tata AIG General Insurance Co Ltd | 18,304.50 | 17,553.30 | 4.28% | 5.88% | 5.81% |
| The New India Assurance Co Ltd | 32,520.30 | 31,413.40 | 3.52% | 13.25% | 12.60% |
| The Oriental Insurance Co Ltd | 21,818.20 | 20,887.80 | 4.45% | 6.83% | 6.53% |
| United India Insurance Co Ltd | 16,269.80 | 13,188.70 | 23.36% | 6.62% | 6.54% |
| Universal Sompo General Insurance Co Ltd | 4,591.30 | 5,717.80 | (-)19.70% | 1.72% | 1.75% |
| Zuno General Insurance Co Ltd | 834.70 | 730.20 | 14.31% | 0.31% | 0.30% |
| Zurich Kotak Mahindra General Insurance Co Ltd | 1,419.00 | 1,640.60 | (-)13.51% | 0.62% | 0.61% |
| General Insurers Sub Total | 234,309.60 | 229,851.90 | 1.94% | 83.65% | 85.28% |
| Stand Alone Health Insurers | |||||
| Niva bupa health insurance company limited | 5,928.10 | 6,015.20 | (-)1.45% | 2.10% | 2.11% |
| Aditya Birla Health Insurance Co Ltd | 5,134.40 | 4,608.00 | 11.42% | 1.65% | 1.41% |
| Care Health Insurance Ltd | 7,232.00 | 7,104.60 | 1.79% | 2.64% | 2.70% |
| Galaxy Health Insurance Company Ltd | 80.90 | - | - | 0.02% | - |
| ManipalCigna Health Insurance Co Ltd | 1,355.90 | 1,457.70 | (-)6.98% | 0.58% | 0.54% |
| Narayana Health Insurance Ltd | 8.90 | 0.20 | 0.01% | 0.00% | |
| Star Health & Allied Insurance Co Ltd | 15,186.90 | 14,693.70 | 3.36% | 4.88% | 5.08% |
| Stand Alone Health Insurers sub Total | 34,927.10 | 33,879.40 | 3.09% | 11.88% | 11.84% |
| Specialised Insurers | |||||
| Agriculture Insurance Co Of India Ltd | 41,191.60 | 10,421.90 | 295.24% | 4.06% | 2.48% |
| ECGC Ltd | 1,347.60 | 1,344.70 | 0.22% | 0.41% | 0.40% |
| Specialised Insurers Sub Total | 42,539.20 | 11,766.60 | 261.52% | 4.47% | 2.88% |
| Grand Total | 311,775.90 | 275,497.90 | 13.17% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 269,236.70 | 263,731.30 | 2.09% | 95.53% | 97.12% |
End
Reported by Shubham Rana
Edited by Ashish Shirke
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