Data Alert
Gross premium of non-life insurance companies rises 24% YoY in Nov
This story was originally published at 19:04 IST on 5 December 2025
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--Non-life insurers premium INR 268.97 bln in Nov, up 24.2% YoY
--CONTEXT: General Insurance Council releases Nov premium income data
--New India Assurance's premium INR 27.81 bln in Nov, up 10.8% YoY
--Bajaj General Insurance's premium INR 39.99 bln in Nov, up 193.1% YoY
--ICICI Lombard General's premium INR 21.87 bln in Nov, up 7.4% YoY
--Go Digit General's premium INR 7.81 bln in Nov, up 20.0% YoY
--Star Health's premium INR 14.60 bln in Nov, up 19.6% YoY
--Niva Bupa Health's premium INR 7.38 bln in Nov, up 47.1% YoY
MUMBAI – The gross direct premium underwritten by non-life insurance companies grew 24.2% on year to INR 268.97 billion in November, according to data released by the General Insurance Council Friday. In October, the premium income was INR 296.18 billion.
General insurance companies saw a 22.4% on year rise in gross premiums in November at INR 224.19 billion. The gross direct premium of standalone health insurance companies was INR 37.09 billion in November, up 36.1% on year.
The New India Assurance Co. Ltd.--the largest non-life insurer by market share--reported a 10.8% on-year rise in gross direct premium to INR 27.81 billion in November. The public sector insurer's market share rose to 12.83% in November from 12.24% a year ago. The market share was lower than the 13.18% in October.
Gross direct premium underwritten by Bajaj General Insurance Ltd. nearly tripled on year to INR 39.99 billion in November. ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 21.87 billion for the last month, up 7.4% on year.
Among standalone health insurance companies, Niva Bupa Health Insurance Co. Ltd.'s gross direct premium underwritten rose 47.1% on year to INR 7.38 billion in November and Star Health & Allied Insurance Co. Ltd.'s gross direct premium underwritten grew 19.6% on year to INR 14.60 billion in the reporting month.
For Apr-Nov, the gross direct premium underwritten by non-life insurance companies was up 8.0% on year at INR 2.22 trillion, data showed.
Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in November, in INR million, compared with the year-ago period, and their market share:
| Insurers | Gross direct premium underwritten | Market Share % | |||
| November 2025 | November 2024 | Growth % | November 2025 | November 2024 | |
| General Insurers | |||||
| Acko General Insurance Ltd | 2,334.90 | 1,759.10 | 32.73% | 0.74% | 0.67% |
| Bajaj General Insurance Limited | 39,994.00 | 13,647.00 | 193.06% | 7.88% | 7.69% |
| Cholamandalam MS General Insurance Co Ltd | 6,405.20 | 6,332.30 | 1.15% | 2.29% | 2.66% |
| Generali Central Insurance Company Limited | 4,424.50 | 2,708.00 | 63.39% | 1.56% | 1.70% |
| Go Digit General Insurance Ltd | 7,807.90 | 6,506.10 | 20.01% | 3.01% | 2.85% |
| HDFC Ergo General Insurance Co Ltd | 10,810.50 | 9,360.00 | 15.50% | 4.38% | 5.49% |
| ICICI Lombard General Insurance Co Ltd | 21,870.00 | 20,367.70 | 7.38% | 8.62% | 9.10% |
| IFFCO-Tokio General Insurance Co Ltd | 6,366.30 | 6,878.60 | (-)7.45% | 2.63% | 2.72% |
| Kshema General insurance | 35.50 | 99.20 | (-)64.21% | 0.24% | 0.35% |
| Liberty General Insurance Co. Ltd | 2,314.40 | 1,711.30 | 35.24% | 0.84% | 0.75% |
| Magma General Insurance Limited | 2,751.40 | 2,347.30 | 17.22% | 1.01% | 0.99% |
| National Insurance Co Ltd | 10,695.70 | 14,217.10 | (-)24.77% | 5.50% | 5.74% |
| Navi General Insurance Co. Ltd | 100.90 | 52.00 | 94.04% | 0.03% | 0.02% |
| Raheja QBE General Insurance Co Ltd | 290.70 | 168.50 | 72.52% | 0.07% | 0.14% |
| Reliance General Insurance Co Ltd | 9,353.60 | 10,333.40 | (-)9.48% | 4.02% | 4.52% |
| Royal Sundaram General Insurance Co Ltd | 3,179.50 | 2,908.00 | 9.34% | 1.29% | 1.23% |
| SBI General Insurance Co Ltd | 11,326.10 | 8,366.90 | 35.37% | 4.29% | 4.09% |
| Shriram General Insurance Co Ltd | 4,025.50 | 3,443.00 | 16.92% | 1.30% | 1.12% |
| Tata AIG General Insurance Co Ltd | 16,244.50 | 12,904.70 | 25.88% | 6.00% | 5.72% |
| The New India Assurance Co Ltd | 27,809.30 | 25,101.80 | 10.79% | 12.83% | 12.24% |
| The Oriental Insurance Co Ltd | 14,537.50 | 14,741.00 | (-)1.38% | 6.43% | 6.34% |
| United India Insurance Co Ltd | 13,570.70 | 12,854.50 | 5.57% | 6.27% | 6.28% |
| Universal Sompo General Insurance Co Ltd | 5,386.00 | 4,212.50 | 27.86% | 1.77% | 1.77% |
| Zuno General Insurance Co Ltd | 1,080.40 | 766.70 | 40.92% | 0.33% | 0.31% |
| Zurich Kotak Mahindra General Insurance Co Ltd | 1,471.90 | 1,435.50 | 2.54% | 0.61% | 0.60% |
| General Insurers Sub Total | 224,186.90 | 183,222.20 | 22.36% | 83.94% | 85.11% |
| Stand Alone Health Insurers | |||||
| Niva bupa health insurance company limited | 7,380.30 | 5,017.90 | 47.08% | 2.21% | 2.03% |
| Aditya Birla Health Insurance Co Ltd | 5,009.00 | 2,983.10 | 67.91% | 1.70% | 1.37% |
| Galaxy Health Insurance Company Ltd | 114.10 | 6.10 | 0.03% | 0.00% | |
| ManipalCigna Health Insurance Co Ltd | 1,802.90 | 1,171.50 | 53.90% | 0.61% | 0.53% |
| Narayana Health Insurance Ltd | 122.30 | 1.60 | 0.01% | ||
| Care Health Insurance Ltd | 8,070.00 | 5,866.70 | 37.56% | 2.71% | 2.62% |
| Star Health & Allied Insurance Co Ltd | 14,599.10 | 12,205.80 | 19.61% | 4.93% | 4.98% |
| Stand Alone Health Insurers sub Total | 37,097.70 | 27,252.70 | 36.12% | 12.20% | 11.53% |
| Specialised Insurers | |||||
| Agriculture Insurance Co Of India Ltd | 6,548.50 | 5,024.80 | 30.32% | 3.46% | 2.96% |
| ECGC Ltd | 1,140.80 | 1,119.00 | 1.95% | 0.40% | 0.40% |
| Specialised Insurers Sub Total | 7,689.30 | 6,143.80 | 25.16% | 3.86% | 3.37% |
| Grand Total | 268,973.90 | 216,618.70 | 24.17% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 253,214.60 | 204,608.20 | 23.76% | 93.43% | 94.01% |
End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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