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Informist, Monday, Mar. 9, 2026

 

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--Non-life insurers premium INR 238.54 bln in Feb, up 9.7% YoY 
--CONTEXT: General Insurance Council releases Feb premium income data 
--New India Assurance's premium INR 25.22 bln in Feb, up 2.2% YoY 
--Bajaj General's premium INR 10.94 bln in Feb, down 10.2% YoY 
--ICICI Lombard General's premium INR 21.77 bln in Feb, up 18.3% YoY 
--Go Digit General's premium INR 6.74 bln in Feb, up 18.8% YoY 
--Star Health's premium INR 16.71 bln in Feb, up 17.1% YoY 
--Niva Bupa Health's premium INR 9.16 bln in Feb, up 44.0% YoY

 

NEW DELHI – The gross direct premium underwritten by non-life insurance companies in February rose 9.7% on year to INR 238.54 billion, according to data released by the General Insurance Council. In January, non-life insurers' premium income was INR 333.46 billion.

 

For Apr-Feb, the gross direct premium underwritten by non-life insurance companies was INR 3.07 trillion, up 9.4% on year. With non-life insurers, general insurance companies saw an 11.6% on-year rise in gross premiums in February to INR 194.19 billion. The gross direct premium of standalone health insurance companies was INR 41.99 billion in February, up 29.8% on year. 

 

The New India Assurance Co. Ltd.--the largest non-life insurer by market share--reported a 2.2% on-year rise in gross direct premium income in February at INR 25.22 billion. The public sector insurer's market share was 12.87% in Apr-Feb, up from 12.71% a year ago.

 

ICICI Lombard General Insurance Co. Ltd. reported a premium income of INR 21.77 billion for February, up 18.3% on year. Gross direct premium underwritten by Bajaj General Insurance Ltd. fell 10.2% on year to INR 10.94 billion last month.

 

Among standalone health insurance companies, Niva Bupa Health Insurance Co. Ltd.'s gross direct premium underwritten jumped 44% on year to INR 9.16 billion in February. Star Health and Allied Insurance Co. Ltd.'s gross direct premium underwritten grew 17.1% on year to INR 16.71 billion last month.

 

Following is a detailed table on the gross direct premium underwritten by leading general insurance companies in February, in INR million, compared with the year-ago period, and their market share for Apr-Feb period:

 

Insurers	Gross direct premium underwritten			Market Share
	February 2026	February 2025	Y-o-Y change	Apr-Feb FY26	Apr-Feb FY25
General Insurers
Acko General Insurance Ltd.	2,014.6	1,429.1	41.0%	0.77%	0.67%
Bajaj General Insurance Ltd.	10,940.0	12,188.7	(-)10.2%	7.09%	7.12%
Cholamandalam MS General Insurance Co. Ltd.	6,513.2	6,167.1	5.6%	2.31%	2.65%
Generali Central Insurance Co. Ltd.	4,361.6	3,686.0	18.3%	1.60%	1.74%
Go Digit General Insurance Ltd.	6,738.8	5,670.8	18.8%	2.96%	2.77%
HDFC Ergo General Insurance Co. Ltd.	11,881.4	10,161.1	16.9%	4.38%	5.09%
ICICI Lombard General Insurance Co. Ltd.	21,774.5	18,413.2	18.3%	8.63%	8.91%
IFFCO-Tokio General Insurance Co. Ltd.	7,084.9	5,801.0	22.1%	2.66%	2.74%
IndusInd General Insurance Co. Ltd.	6,570.1	7,301.2	(-)10.0%	3.69%	4.23%
Kshema General insurance	1,514.1	241.5	527.0%	0.26%	0.27%
Liberty  General Insurance Co. Ltd	2,438.1	1,664.7	46.5%	0.84%	0.74%
Magma General Insurance Ltd.	2,848.9	2,949.8	(-)3.4%	1.08%	1.07%
National Insurance Co. Ltd.	11,884.5	9,677.1	22.8%	5.30%	5.39%
Navi General Insurance Co. Ltd	171.0	79.5	115.1%	0.04%	0.02%
Raheja QBE General Insurance Co. Ltd.	241.2	123.3	95.6%	0.11%	0.12%
Royal Sundaram General Insurance Co. Ltd.	3,443.4	2,602.0	32.3%	1.30%	1.23%
SBI General Insurance Co. Ltd.	14,139.3	12,081.7	17.0%	4.63%	4.39%
Shriram General Insurance Co. Ltd.	4,053.7	3,384.4	19.8%	1.35%	1.20%
Tata AIG General Insurance Co. Ltd.	15,617.1	13,042.4	19.7%	5.95%	5.73%
The New India Assurance Co. Ltd.	25,216.1	24,680.1	2.2%	12.87%	12.71%
The Oriental Insurance Co. Ltd.	12,971.6	13,139.4	(-)1.3%	6.24%	6.41%
United India Insurance Co. Ltd.	13,740.4	13,944.2	(-)1.5%	6.32%	6.45%
Universal Sompo General Insurance Co. Ltd.	5,201.2	3,236.1	60.7%	1.83%	1.70%
Zuno General Insurance Co. Ltd.	1,136.0	781.2	45.4%	0.36%	0.32%
Zurich Kotak Mahindra General Insurance Co. Ltd.	1,695.4	1,546.9	9.6%	0.67%	0.61%
General Insurers Sub Total	1,94,191.1	1,73,992.5	11.6%	83.23%	84.29%
Stand Alone Health Insurers
Niva Bupa Health Insurance Co. Ltd.	9,161.7	6,363.3	44.0%	2.43%	2.12%
Aditya Birla Health Insurance Co. Ltd.	4,920.2	3,844.3	28.0%	1.80%	1.48%
Care Health Insurance Ltd.	9,305.7	6,567.0	41.7%	2.89%	2.64%
Galaxy Health Insurance Co. Ltd.	172.5	44.7	285.9%	0.04%	0.00%
ManipalCigna Health Insurance Co. Ltd.	1,695.7	1,248.4	35.8%	0.64%	0.56%
Narayana Health Insurance Ltd.	19.7	6.0	228.3%	0.01%	0.00%
Star Health & Allied Insurance Co. Ltd.	16,712.6	14,273.1	17.1%	5.22%	5.16%
Stand Alone Health Insurers sub Total	41,988.1	32,346.8	29.8%	13.02%	11.96%
Specialised Insurers
Agriculture Insurance Co. Of India Ltd.	1,052.5	9,959.2	(-)89.4%	3.34%	3.32%
ECGC Ltd.	1,306.0	1,177.2	10.9%	0.41%	0.42%
Specialised Insurers Sub Total	2,358.5	11,136.4	(-)78.8%	3.75%	3.75%
Grand Total	238,537.7	217,475.7	9.7%	100.00%	100.00%
Grand Total excluding specialised cos	236,179.2	206,339.3	14.5%	96.25%	96.25%

 

End

 

Reported by Shubham Rana

Edited by Tanima Banerjee

 

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