Data Alert
Non-life insurers' gross premium up 16% on year in June
This story was originally published at 14:41 IST on 7 July 2026
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--Non-life insurers premium INR 271.96 bln in Jun, up 15.9% YoY
--CONTEXT: General Insurance Council releases June premium income data
--Non-life insurers Apr-Jun premium INR 878.25 bln, up 10.7% YoY
--New India Assurance's premium INR 36.70 bln in Jun, up 10.3% YoY
--Bajaj General's premium INR 17.60 bln in Jun, up 21.8% YoY
--ICICI Lombard General's premium INR 22.59 bln in Jun, up 13.7% YoY
--Star Health's premium INR 15.94 bln in Jun, up 19.2% YoY
--Niva Bupa Health's premium INR 7.98 bln in Jun, up 34.3% YoY
--Go Digit General's premium INR 7.20 bln in Jun, down 2.8% YoY
NEW DELHI – The gross direct premium underwritten by non-life insurance companies in June rose 15.9% on year to INR 271.96 billion, according to data released by the General Insurance Council Tuesday. Growth in premium income in the standalone health insurers segment was higher than in the general insurers segment, the data showed. In May, non-life insurers' premium income was INR 241.95 billion, up 8.7% on year.
For the first quarter of 2026-27 (Apr-Mar), the gross direct premium underwritten by non-life insurance companies was INR 878.25 billion, up 10.7% on year.
The gross direct premium of standalone health insurance companies was INR 43.73 billion in June, up 30.9% on year. General insurance companies saw a 14.3% on-year rise in gross premiums in June at INR 227.72 billion.
The New India Assurance Co. Ltd., the largest non-life insurer by market share, reported a 10.3% on-year rise in gross direct premium income in June at INR 36.70 billion. The market share of the public sector insurer was 14.5% in Apr-Jun, down from 15.5% a year ago.
ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 22.59 billion, up 13.7% on year. ICICI Lombard's market share slipped to 9.5% in the June quarter from 9.8% a year ago. Bajaj General Insurance Ltd.'s gross direct premium income for the month was INR 17.60 billion, up 21.8% on year.
The gross direct premium underwritten by HDFC Ergo General Insurance Co. Ltd. was INR 11.62 billion, up 33.5% on year. However, Go Digit General Insurance Ltd. reported a premium income of INR 7.20 billion in June, down 2.8% on year.
Among standalone health insurers, Star Health and Allied Insurance Co. Ltd.'s gross direct premium underwritten was INR 15.94 billion last month, up 19.2% on year. Niva Bupa Health Insurance Co. Ltd.'s gross direct premium income in June rose 34.3% on year to INR 7.98 billion. Among non-life insurance companies, health insurers had a 13.9% market share in June, higher than 11.5% a year ago.
Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in Jun, in INR million, compared with the year-ago period, and their market share for Apr-Jun:
| Insurers | Gross direct premium underwritten | Market share % | |||
| June 2026 | June 2025 | Y-o-Y change | Apr-Jun FY27 | Apr-Jun FY26 | |
| General Insurers | |||||
| Acko General Insurance Ltd | 2,355.40 | 1,562.00 | 50.8% | 0.84% | 0.66% |
| Bajaj General Insurance Limited | 17,600.60 | 14,452.00 | 21.8% | 6.57% | 6.52% |
| Cholamandalam MS General Insurance Co Ltd | 5,480.90 | 5,448.30 | 0.6% | 2.12% | 2.28% |
| Generali Central Insurance Company Limited | 3,530.10 | 2,824.50 | 25.0% | 1.34% | 1.55% |
| Go Digit General Insurance Ltd | 7,195.40 | 7,405.50 | (-)2.8% | 2.79% | 3.16% |
| HDFC Ergo General Insurance Co Ltd | 11,624.80 | 8,708.30 | 33.5% | 4.70% | 4.31% |
| ICICI Lombard General Insurance Co Ltd | 22,588.30 | 19,874.10 | 13.7% | 9.47% | 9.75% |
| IFFCO-Tokio General Insurance Co Ltd | 6,294.30 | 5,830.10 | 8.0% | 2.54% | 2.55% |
| IndusInd General Insurance Company Limited | 7,071.50 | 10,254.90 | (-)31% | 3.36% | 4.24% |
| Kiwi General Insurance Ltd | 18.9 | - | 0.0% | - | - |
| Kshema General insurance | 67.6 | (-)645.8 | (-)110.5% | 0.03% | 0.35% |
| Liberty General Insurance Co. Ltd | 2,316.60 | 1,917.60 | 20.8% | 0.87% | 0.78% |
| Magma General Insurance Limited | 2,549.60 | 2,682.00 | (-)4.9% | 0.99% | 1.13% |
| National Insurance Co Ltd | 15,211.70 | 13,769.60 | 10.5% | 4.67% | 5.00% |
| Navi General Insurance Co. Ltd | 209.2 | 58 | 260.7% | 0.06% | 0.04% |
| Raheja QBE General Insurance Co Ltd | 204 | 137.8 | 48.0% | 0.07% | 0.06% |
| Royal Sundaram General Insurance Co Ltd | 3,891.50 | 3,273.80 | 18.9% | 1.46% | 1.46% |
| SBI General Insurance Co Ltd | 11,520.80 | 9,843.60 | 17.0% | 3.99% | 3.99% |
| Shriram General Insurance Co Ltd | 4,201.90 | 3,467.50 | 21.2% | 1.34% | 1.21% |
| Tata AIG General Insurance Co Ltd | 17,872.00 | 13,961.00 | 28.0% | 7.47% | 6.16% |
| The New India Assurance Co Ltd | 36,701.30 | 33,282.30 | 10.3% | 14.46% | 15.51% |
| The Oriental Insurance Co Ltd | 22,776.30 | 17,404.20 | 30.9% | 7.11% | 7.37% |
| United India Insurance Co Ltd | 17,916.90 | 17,453.50 | 2.7% | 6.52% | 7.14% |
| Universal Sompo General Insurance Co Ltd | 5,049.40 | 4,023.20 | 25.5% | 1.99% | 1.65% |
| Zuno General Insurance Co Ltd | 1,320.50 | 820.8 | 60.9% | 0.46% | 0.31% |
| Zurich Kotak Mahindra General Insurance Co Ltd | 2,149.90 | 1,434.90 | 49.8% | 0.71% | 0.72% |
| General Insurers Sub Total | 2,27,719.40 | 1,99,243.70 | 14.3% | 85.93% | 87.93% |
| Stand Alone Health Insurers | |||||
| Niva bupa health insurance company limited | 7,981.70 | 5,942.90 | 34.3% | 2.45% | 2.06% |
| Aditya Birla Health Insurance Co Ltd | 7,537.80 | 5,420.30 | 39.1% | 2.28% | 1.67% |
| Care Health Insurance Ltd | 9,703.70 | 6,837.00 | 41.9% | 3.33% | 2.58% |
| Galaxy Health Insurance Company Ltd | 287.9 | 45.7 | 530.0% | 0.07% | 0.02% |
| ManipalCigna Health Insurance Co Ltd | 2,209.50 | 1,775.90 | 24.4% | 0.80% | 0.67% |
| Narayana Health Insurance Ltd | 69.3 | 6.3 | 1000.0% | 0.03% | 0.00% |
| Star Health & Allied Insurance Co Ltd | 15,943.50 | 13,378.40 | 19.2% | 4.88% | 4.53% |
| Stand Alone Health Insurers sub Total | 43,733.40 | 33,406.50 | 30.9% | 13.85% | 11.54% |
| Specialised Insurers | |||||
| Agriculture Insurance Co Of India Ltd | (-)742.4 | 679.4 | (-)209.3% | (-)0.17% | 0.13% |
| ECGC Ltd | 1,253.00 | 1,254.00 | (-)0.1% | 0.39% | 0.41% |
| Specialised Insurers Sub Total | 510.6 | 1,933.40 | (-)73.6% | 0.22% | 0.53% |
| Grand Total | 2,71,963.40 | 2,34,583.60 | 15.9% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 2,71,452.80 | 2,32,650.20 | 16.7% | 99.78% | 99.47% |
Source: General Insurance Council
End
Reported by Shweta
Edited by Avishek Dutta
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