Data Alert
Gross premium of non-life insurance cos rises 15% YoY in Jan
This story was originally published at 09:37 IST on 9 February 2026
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--Non-life insurers premium INR 333.46 bln in Jan, up 14.9% YoY
--CONTEXT: General Insurance Council releases Jan premium income data
--New India Assurance's premium INR 35.18 bln in Jan, down 7.1% YoY
--Bajaj General's premium INR 18.21 bln in Jan, up 8.7% YoY
--ICICI Lombard General's premium INR 29.78 bln in Jan, up 16.3% YoY
--Go Digit General's premium INR 9.73 bln in Jan, up 33.9% YoY
--Star Health's premium INR 17.28 bln in Jan, up 17.8% YoY
--Niva Bupa Health's premium INR 8.54 bln in Jan, up 35.0% YoY
MUMBAI – The gross direct premium underwritten by non-life insurance companies rose 14.9% on year to INR 333.46 billion in January, according to data released by the General Insurance Council. In December, the premium income was INR 284.47 billion.
General insurance companies saw a 9.9% on-year rise in gross premiums in January at INR 265.35 billion. The gross direct premium of standalone health insurance companies was INR 45.28 billion in November, up 23.6% on year.
The New India Assurance Co. Ltd.--the largest non-life insurer by market share--reported a 7.1% on-year fall in gross direct premium in January at INR 35.18 billion. The public sector insurer's market share rose to 13.07% in Apr-Jan from 12.82% a year ago.
Gross direct premium underwritten by Bajaj General Insurance Ltd. rose nearly 9% on year to INR 18.21 billion in January. ICICI Lombard General Insurance Co. Ltd. reported premium income of INR 29.78 billion for January, up 16.3% on year.
Among standalone health insurance companies, Niva Bupa Health Insurance Co. Ltd.'s gross direct premium underwritten rose 35% on year to INR 8.54 billion in January and Star Health and Allied Insurance Co. Ltd.'s gross direct premium underwritten grew 18% on year to INR 17.28 billion during the month.
For Apr-Jan, the gross direct premium underwritten by non-life insurance companies was up over 9% on year at INR 2.83 trillion, data showed.
Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in January, in INR million, compared with the year-ago period, and their market share for Apr-Jan period:
| Insurers | Gross direct premium underwritten | Market Share % | |||
| January 2026 | January 2025 | Y-o-Y % growth | Apr-Jan FY26 | Apr-Jan FY25 | |
| General Insurers | |||||
| Acko General Insurance Ltd | 2,629.6 | 1,840.3 | 42.9% | 0.76% | 0.67% |
| Bajaj General Insurance Limited | 18,210.0 | 16,748.0 | 8.7% | 7.30% | 7.25% |
| Cholamandalam MS General Insurance Co Ltd | 7,360.0 | 7,334.8 | 0.3% | 2.28% | 2.63% |
| Generali Central Insurance Company Limited | 7,058.2 | 7,949.5 | (-)11.2% | 1.58% | 1.74% |
| Go Digit General Insurance Ltd | 9,725.6 | 7,264.5 | 33.9% | 2.97% | 2.78% |
| HDFC Ergo General Insurance Co Ltd | 12,907.1 | 10,820.7 | 19.3% | 4.33% | 5.13% |
| ICICI Lombard General Insurance Co Ltd | 29,775.9 | 25,613.3 | 16.3% | 8.59% | 8.94% |
| IFFCO-Tokio General Insurance Co Ltd | 8,455.5 | 7,987.5 | 5.9% | 2.63% | 2.74% |
| IndusInd General Insurance Company Limited | 9,176.5 | 8,830.4 | 3.9% | 3.77% | 4.30% |
| Kshema General insurance | 1,255.0 | 193.6 | 548.2% | 0.23% | 0.28% |
| Liberty General Insurance Co. Ltd | 2,725.2 | 2,202.7 | 23.7% | 0.83% | 0.74% |
| Magma General Insurance Limited | 5,060.8 | 4,548.4 | 11.3% | 1.07% | 1.04% |
| National Insurance Co Ltd | 13,640.6 | 12,968.3 | 5.2% | 5.32% | 5.47% |
| Navi General Insurance Co. Ltd | 222.6 | 77.3 | 188.0% | 0.04% | 0.02% |
| Raheja QBE General Insurance Co Ltd | 1,278.7 | 162.2 | 688.3% | 0.11% | 0.13% |
| Royal Sundaram General Insurance Co Ltd | 4,758.5 | 3,765.0 | 26.4% | 1.29% | 1.23% |
| SBI General Insurance Co Ltd | 20,332.0 | 17,319.7 | 17.4% | 4.52% | 4.30% |
| Shriram General Insurance Co Ltd | 4,411.7 | 3,656.0 | 20.7% | 1.32% | 1.17% |
| Tata AIG General Insurance Co Ltd | 17,239.3 | 15,595.9 | 10.5% | 5.90% | 5.71% |
| The New India Assurance Co Ltd | 35,180.6 | 37,875.4 | (-)7.1% | 13.07% | 12.82% |
| The Oriental Insurance Co Ltd | 15,585.8 | 17,682.5 | (-)11.9% | 6.31% | 6.44% |
| United India Insurance Co Ltd | 26,874.4 | 24,034.6 | 11.8% | 6.36% | 6.45% |
| Universal Sompo General Insurance Co Ltd | 6,698.1 | 4,284.1 | 56.3% | 1.80% | 1.72% |
| Zuno General Insurance Co Ltd | 1,338.2 | 934.3 | 43.2% | 0.35% | 0.32% |
| Zurich Kotak Mahindra General Insurance Co Ltd | 3,450.5 | 1,684.5 | 104.8% | 0.66% | 0.61% |
| General Insurers Sub Total | 265,350.4 | 241,373.5 | 9.9% | 83.38% | 84.65% |
| Stand Alone Health Insurers | |||||
| Niva bupa health insurance company limited | 8,541.9 | 6,328.4 | 35.0% | 2.32% | 2.05% |
| Aditya Birla Health Insurance Co Ltd | 6,138.3 | 5,569.9 | 10.2% | 1.78% | 1.46% |
| Care Health Insurance Ltd | 10,616.0 | 7,707.1 | 37.7% | 2.80% | 2.61% |
| Galaxy Health Insurance Company Ltd | 221.4 | 29.1 | 660.8% | 0.03% | 0.00% |
| ManipalCigna Health Insurance Co Ltd | 2,464.2 | 2,327.3 | 5.9% | 0.63% | 0.56% |
| Narayana Health Insurance Ltd | 9.9 | 5.0 | 98.0% | 0.01% | 0.00% |
| Star Health & Allied Insurance Co Ltd | 17,284.6 | 14,675.7 | 17.8% | 5.07% | 5.04% |
| Stand Alone Health Insurers sub Total | 45,276.3 | 36,642.5 | 23.6% | 12.64% | 11.72% |
| Specialised Insurers | |||||
| Agriculture Insurance Co Of India Ltd | 21,642.8 | 11,051.4 | 95.8% | 3.58% | 3.22% |
| ECGC Ltd | 1,193.0 | 1,199.6 | (-)0.6% | 0.40% | 0.42% |
| Specialised Insurers Sub Total | 22,835.8 | 12,251.0 | 86.4% | 3.98% | 3.63% |
| Grand Total | 333,462.5 | 290,267.0 | 14.9% | 100.00% | 100.00% |
| Grand Total excl. specialised cos | 310,626.7 | 278,016.0 | 11.7% | 96.02% | 96.37% |
End
Reported by Shubham Rana
Edited by Avishek Dutta
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